At the close, the
benchmark 30-share index, BSE Sensex gained 75.01 points or 0.38% at
20,039.04 with 16 components posting rise. Meanwhile, the broad based NSE Nifty
climbed by 25.20 points or 0.42% at 6,064.40 with 25 components posting
rise.
VIEWS FROM DIFFERENT BROKING HOUSES:
HDFC SECURITIES: “With the Nifty moving up further, the
underlying trend remains firmly up. The uptrend is likely to accelerate in the
coming week if the Nifty can convincingly cross the recent highs of 6068.
Upside targets in this scenario are at 6100-6150”.
BONANZA ONLINE: “Nifty made long white candlestick pattern on weekly
chart, which shows that’s bulls again have taken control after previous week
selling. Nifty may face psychological resistance at 6100 levels and traders
should be cautious near this level. Buying interest may be continuing above
6100 levels else profit booking may be seen. For trading during the coming
session, trend deciding level is 6050.
If Nifty shows strength above 6050 levels then we may see rally till
6100-6125/6175/6225. If Nifty doesn’t sustain above 6050 levels then profit
booking till 6000/5950/5900/5860 may also be seen”.
Duration
|
Action
|
Entry Zone (NF)
|
For Target of
|
Stop Loss
|
For Monday
|
Buy
|
6050-6060
|
6105
|
6025
|
For the Week
|
Buy
|
6030-6060
|
6125-6150
|
6000
|
BONANZA PORTFOLIO (Rakesh Goyal): “Nifty surged to make new 52-week high in
this week at 6083.40 and closed above 6050 level which is a positive indicator.
Increase in diesel price can lead to higher inflation in coming months, and
still puts a question on whether the RBI may still put hold on rate cuts.
Technically too, 6050-6150 being key resistance zone, volatility may be
witnessed in coming sessions. In coming week, 6075 shall be key deciding level.
Above 6075, likely targets are 6150-6175, while below 6025, support may be
found at 5990-5950”.
GEPL CAPITAL: “The immediate resistance
for Nifty is 6100 above which sharp movement may be observed till 6150-6200 mark.
The level of 6000 may act strong support if any correction is seen in the next
week. Only in case of breach of 5950, which is current short term intermediate
level, Nifty may face profit booking in their stocks hence stop loss of 5950
should be treated as stop loss for current trading long positions”.
KARVY STOCK BROKING: “Long positions can be
assumed in Energy, IT, Consumer Durables, Realty and Utilities if the market
sustains above 6000 levels. Short positions can be accumulated in Capital
Goods, Consumer Durables, Cement, FMCG and Pharma if the Nifty breaches 5950
levels. Overall, we expect Nifty to trade in the broad range of 5950-6100
levels for next week. A breakthrough of this range would lead to sharp momentum
in the Index”.
GEOJIT BNP PARIBAS FINANCIAL SERVICES (Alex Mathews): “Due to higher optimism and expectations of
speedy policy reforms will keep the Nifty and Sensex further highs and Nifty
may move above 6,100 to 6,181 levels in the medium term”.
ICICI SECURITIES: “The
Nifty has major support placed at 5940 below which closure of positions may
lead the index towards 5850. On the higher side, immediate target lies at 6100 levels,
beyond which 6180 levels can also be tested. The Bank Nifty has major support
placed at 12500/12300. On the higher side, 12800 remains an immediate
resistance. Breach of this may lead the index to move towards 13200”.
SMC TRADEONLINE (WISE MONEY): “In coming week, Nifty
is expected to trade on a slightly more volatile note than the previous week.
However no significant movement is expected on either side. Overall Nifty is
expected to trade in a range of 6000-6200 levels this week”.
ANGEL BROKING (Technical): “Strong 'Negative Divergence' in the daily 'RSI' momentum oscillator
indicates that buying at these levels is not justified. In addition, although
our domestic markets have closed almost at the highest point of the week, the
rally is not a broad based one (Negative advance decline ratio) and has been
led by individual stocks. This is specifically different from what is seen in a
bull market. We thus continue to remain cautious and advise traders to reduce
their long positions and book partial profits in individual large cap counters
near to the 19950-20100/6070-6125 mark. Last week's low of 19596/5940 remains
to be a key support in the coming trading sessions. A breach of this level may
trigger pessimism in the market and in such a scenario, we expect a corrective
move towards the next support levels of 19406-19221/5897-5842”.
MICROSEC SECURITIES: “For
the coming week, first support of Nifty is at 5950 and the resistance is 6090.
If Nifty breaks 5950, it may further go down 5910 and then 5820. However, if
Nifty is able to sustain above 6090, the level of 6120-6180 would become the
next target”.
ANAND
RATHI SECURITIES (A K Prabhakar): “In last few days, up-move is very stock specific or sector
specific while overall market is seeing some pressure, I get a feeling profit
booking is on cards till 5,800 or 5,600 in February end. In last 2-3 days, oil
& gas stocks held market while before that INFY
held market but correction is seen in many mid & small cap stocks”.
INDIRATRADE SECURITIES: “For
the next week, Nifty likely to trade in
the range between 6150-6250 in the upper side and 5950-5900 in the lower side”.
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