STOCK MARKET OPENING LEVELS
Golden Investment Research (P) Limited
TODAY JAN 16, 2012 STOCK MARKET OPENING BELL !!!
Market seen opening lower on weak global cues; inflation data eyed
The market is likely to open lower on weak global cues on renewed worries of the euro zone debt crisis. US markets edged lower on Friday, 13 January 2012 while Asian markets were trading lower today, 16 January 2012 after Standard & Poor's on Friday, 13 January 2012 cut the rating of nine European nations. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 42.50 points at the opening bell.
WORLD MARKET DATA (Jan 16)
| Dow | -48.96 |
| Nasdaq | -14.03 |
| Nikkei | -128.62 |
| Hang Seng | -165.57 |
| SGX NIFTY | -41.00 |
NIFTY SPOT LEVEL (JAN-16) 4,866
| RESISTANCE 1 | 4,898 |
| RESISTANCE 2 | 4,931 |
| RESISTANCE 3 | 4,963 |
| SUPPORT 1 | 4,833 |
| SUPPORT 2 | 4,801 |
| SUPPORT 3 | 4,769 |
BANK NIFTY SPOT LEVEL (JAN-16) 8,975
| RESISTANCE 1 | 9,060 |
| RESISTANCE 2 | 9,146 |
| RESISTANCE 3 | 9,219 |
| SUPPORT 1 | 8,901 |
| SUPPORT 2 | 8,828 |
| SUPPORT 3 | 8,742 |
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