Weekly Equity (NIFTY & BANK NIFTY) Report 25 March 2013

NEWS INSIGHT:
  • Mid-cap stocks see up to 90% value erosion
  • Srikrishna panel submits report on new India financial code
  • RBI warns banks of violating priority sector lending norms
  • Diesel prices hiked by 45 paise/litre from today
  • SAIL OFS sails through; but FY14 divestment aim looks tough

NIFTY ANALYSIS:
  • Positional Support for NIFTY 5607 and positional Resistance for NIFTY is 5819 5824 5832 5875 5887 5921 5926 5929 .
  • Intraday Resistance of NIFTY are 5684.1/5711.2/5751.7/5771.7/5809.8/5848.1
  • Intraday Support of NIFTY are 5618.6/5591.5/5545.8/5508.6/5471.5
  • Oscillator Analysis The oscillator is showing SELL signal
  • Short Term Oscillator Analysis- NIFTY in oversold region.


NIFTY WEEKLY PIVOTS

INDEX       S1        S2           PP            R1            R2
NIFTY 5583 5498 5726 5811       5954

BANK NIFTY WEEKLY PIVOTS

INDEX S1 S2 PP R1 R2
BANK NIFTY 10999 10761 11439 11677 12117

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