Thursday, 16 February 2012

STOCK MARKET OPENING LEVELS


STOCK MARKET OPENING LEVELS
Golden Investment Research (P) Limited
TODAY FEB 16, 2012 STOCK MARKET OPENING BELL !!!
Market seen subdued on negative Asian equities

The market is likely to decline in opening trade on negative Asian cues. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 21.50 points at the opening bell. Telecom stocks will be in focus after Kapil Sibal announced new telecom policy after market hours on Wednesday.

WORLD MARKET DATA  (Feb 16)
Dow
-97.33
Nasdaq
-16.00
Nikkei
-24.45
Hang Seng 
-155.86
SGX  NIFTY
-17.50


NIFTY SPOT LEVEL (Feb 16)  5,531
RESISTANCE 1
5,562
RESISTANCE 2
5,593
RESISTANCE 3
5,644
SUPPORT 1
5,481
SUPPORT 2
5,430
SUPPORT 3
5,399



BANK NIFTY SPOT LEVEL (Feb 16)   10,930
RESISTANCE 1
11,049
RESISTANCE 2
11,167
RESISTANCE 3
11,375
SUPPORT 1
10,722
SUPPORT 2
10,514
SUPPORT 3
10,396


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