Post on 22-Apr-2017
An exclusive report by Share Tips Info
Nifty Trading Trendfor 21 May,2014
Market Outlook on 21th May 2014
Important Event: “Bank of Japan decision on monetary policy”
Results to Watch
JK Paper NIIT Ltd UCO Bank
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FII & DIIs Activity on 07rd May 2014
FII & DIIs Activity on 07rd May: FIIs sold Rs 104 cr in cash while DIIs were net seller to the tune of Rs 656 cr.
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Stock Market on 21th May 2014
US Stock closed in negative territory, NASDAQ down 0.70%, Dow Jones down 0.83% and S&P 500 down 0.65%. Europe closed on mixed note, FTSE down 0.62%, DAX down 0.21% and CAC down 0.39%.
SGX Nifty trading 2 points down.
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Stock Market on 21th May 2014
Indian market expected to open flat to negative. Pressure could be seen in the market. FIIs become net seller yesterday first time in May.
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Technical
Some profit taking could be seen in the market today. A healthy correction is expected though midcap and small cap will remain in action.
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Strong Nifty Support and Resistance
Strong resistance: 7300- 7330 Strong support: 7200- 7250
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Fundamental Pick/ Technical Call
Fundamental Pick of the Day:Buy Elgi Equipments Target Rs 130
Technical Call of the Day:INOX Leisure Target Rs 132 , SL
118
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