Friday, 20 January 2012

STOCK MARKET OPENING LEVELS (JAN - 20)


STOCK MARKET OPENING LEVELS
Golden Investment Research (P) Limited

TODAY JAN 20, 2012 STOCK MARKET OPENING BELL !!!

Market seen firm on upbeat global cues; key Q3 earnings eyed

The market is geared for a higher start on positive global cues. Asian equities rose as solid euro zone sovereign debt sales boosted risk appetite. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 32 points at the opening bell. Index heavyweight Reliance Industries (RIL) will be in action as the company's board meets today, 20 January 2012 to consider a proposal for buyback of equity shares along with Q3 December 2011 earnings. ITC, Axis Bank, Jet Airways (India), JSW Steel and Hindustan Zinc unveil Q3 results today, 20 January 2012.

WORLD MARKET DATA  (Jan 20)

Dow
+45.03
Nasdaq
+18.62
Nikkei
+ 115.03
Hang Seng 
+ 8.35
SGX  NIFTY
+23.50



NIFTY SPOT LEVEL (JAN-20)  5,018

RESISTANCE 1
5,031
RESISTANCE 2
5,043
RESISTANCE 3
5,063
SUPPORT 1
4,998
SUPPORT 2
4,978
SUPPORT 3
4,966




BANK NIFTY SPOT LEVEL (JAN-20)   9,199

RESISTANCE 1
9,239
RESISTANCE 2
9,279
RESISTANCE 3
9,345
SUPPORT 1
9,133
SUPPORT 2
9,066
SUPPORT 3
9,027


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