Wish you all the blog visitors, well wishers and my friends a very very
The 30-share index,
Sensex added 339.24 points, or 1.74% over previous week to 19,784.08. On the
other hand, the broad based NSE Nifty too gained 107.80 points, or 1.82%, to
6,016.15.
VIEWS FROM DIFFERENT BROKING HOUSES:
HDFC SECURITIES: “With the Nifty ending with marginal
gains after bouncing back from the 5980 supports, the bulls continue to have an
upper hand. Traders can expect further upsides in the coming week. Immediate
upside targets for the Nifty are at 6050-6100. Temporary weakness could emerge
if the 5980 supports are broken”.
KOTAK SECURITIES (Sanjeev Zarbade): “The important events
include Infosys numbers (on Jan 11th). Markets would also await the
inflation numbers. If there is a reduction in inflation, then expectations of a rate
cut could
get strengthened when the RBI meets on Jan 29th. Consequently rate sensitive
sectors may outperform. Momentum is with the market. A spike in Crude
prices may
however spook the markets”.
CANARA BANK SECURITIES (CanMoney): “Nifty continues to be in strong uptrend and is
consolidating above 6,000 marks as it trades above all the critical moving
averages. The immediate resistance for Nifty is seen at 6,090 levels and above
which it take may shot at all time high of 6,335”.
BONANZA ONLINE: “On upside, Nifty may find resistance above 6100 levels.
On downside, Nifty may find support near 5900 levels. For trading during the
coming session, trend deciding level is 6000.
If Nifty shows strength above 6000 levels then we may see rally till
6050/6125/6175/6225. If Nifty doesn’t sustain above 6000 levels then profit booking
till 5950/5900/5840/5800 may also be seen”.
Duration
|
Action
|
Entry Zone (NF)
|
For Target of
|
Stop Loss
|
For Monday
|
Buy
|
6020-6040
|
6080
|
6000
|
For the Week
|
Buy
|
6000-6040
|
6115-6155
|
5965
|
BONANZA PORTFOLIO (Nidhi Sarswat): “In the coming sessions, 6,025 level shall
be deciding level. Nifty is likely to witness further buying above 6,025 levels
and may trade within 6,080-5,950. Support may be seen from 5,980-5,950 levels
and resistance near 6,050-6,090. Investors may book profits in rallies as
6,000-6,050 is a strong resistance zone in medium term”.
GEPL CAPITAL: “We continue to maintain an upside target of 6030 to
6050 range over the course of next few days. Now the level of 5960 would serve
as a support for Nifty for short term. As long as Nifty sustains above 5960 the
bullishness would remain intact. In an alternate scenario a breach of 5960
may drag the Nifty down till 5924 to 5900 range. The level of 5823 has now
emerged as a make or breaks level for Nifty on positional basis”.
KARVY STOCK BROKING: “Long positions can be
assumed in Auto, Banking, Capital Goods, Cement, IT, Metal, Realty and Telecom
sectors if markets sustain above 5950 levels. Short positions can be
accumulated in FMCG and Pharma if the Nifty breaches 5950 levels. Overall, we
expect Nifty to trade in the broad range of 5900-6100 levels for next week”.
ICICI SECURITIES: “The
Nifty has immediate support at 5960, below which momentum long positions could
start to fizzle out. However, on a positional basis, 5870-5820 remains the key
support. On the higher side, we reiterate our target of 6100. As stated, the
index moved above 12510. It started to trade with a positive bias. We reiterate
our positive stance on the stock for an eventual target of 13000/13200 as the
Bank Nifty/Nifty ratio is trading at all-time high levels. Whenever such a high
is made, banking sector out- performance continues”.
SMC
TRADEONLINE (WISE MONEY): “If the Index slips below the 5900 level, it could gradually slide to 5700
levels. Conversely, a sustained move beyond 5900 levels should see Nifty
climbing 6100 levels. Technically, the Index continues to trade above all its
moving averages, of 200-day and 100-day EMAs, indicating a bullish scenario. On
the contrary, sustaining 5900 levels is extremely crucial for a continued
uptrend. On the technical front, Nifty is finding support around its short term
averages of 5950 indicating immediate strength”.
GABA &
GABA FINANCIAL ADVISORS PVT LTD (Prakash Gaba): “The crucial
support for the Nifty is at 5980-5940 and the resistance is at 6100”.
ANGEL
BROKING (Technical): “We are observing that
these are facing a resistance near the 'Upward Sloping Trend Line' (drawn by
joining the highs of October 5, 2012 and December 11, 2012). Also, the daily chart
now depicts two consecutive candles which resemble a 'Hanging Man'. As
mentioned in our Friday's daily report, the said pattern has a negative
implication and needs a confirmation in the form of prices closing below the
low of the pattern. Considering the overall positive sentiment across the globe
and bullish higher degree charts, we don't expect a complete reversal of the
existing bull trend, although a minor corrective move cannot be ruled out.
Hence, a closing below 19679/5981 would confirm the 'Hanging Man' pattern and indices
may slide towards 19624-19509/5960-5935. Any sustainable move beyond 19798/6021
would negate the pattern and the indices then may rally towards 19950/6070. Traders
should consider reducing long positions and partial profit booking in
individual large cap counters near to the 6070-6125 mark”.
MICROSEC SECURITIES: “For
the coming week, first support of Nifty is at 5950 and the resistance is 6050.
If Nifty breaks 5950, it may further go down 5870 and then 5800. However, if
Nifty is able to sustain above 6050, the level of 6120-6180 would become the
next target”.
INDIRATRADE
SECURITIES: “For the next week, Nifty
likely to trade in the range between 6100-6150 in the upper side and 5900-5800
in the lower side”.
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