NIFTY & SENSEX TECHNICALs - 05th Dec
Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 85 points at the opening bell.
The Hindu nationalist opposition Bharatiya Janata Party (BJP) reportedly emerged as the biggest winner in four key state elections, exit polls forecast on Wednesday, a possible blow to the ruling Congress ahead of a general election due next year. India has held elections in Delhi, Madhya Pradesh, Rajasthan and Chhattisgarh over the past month, as well as in Mizoram. Despite the gains predicted for the BJP it was unable to win a majority of seats in the capital Delhi, two polls showed. One poll suggested the race was close in Chhattisgarh. Counting of votes for assembly elections in Delhi, Madhya Pradesh, Chhattisgarh and Rajasthan takes place on 8 December 2013. Counting of votes for assembly elections in Mizoram takes place on 9 December 2013. The results are being closely watched by markets as a potential indicator of the mood of voters in the world's biggest democracy before the 2014 general election.
BANKNIFTY PIVOT POINTS
R1-11213 R2-11268 R3-11321 PIVOT-11160 S1-11104 S2-11052 S3-10996
MOVING AVERAGES:
SMA-7: 11074.54 SMA-13: 11022.05 SMA-26: 11074.20 SMA-50: 10739.65 SMA-200: 11214.88
EMA-12: 11055.54 EMA-26: 10963.57 EMA-50: 10810.77 EMA-200: 10978.22 MACD: 91.97
Stock Future Tips 5.12.2013
PNB Future DECEMBER
BUY : 576 TARGETS : 580,587,599 SL : 572
SELL: 565 TARGETS : 561,554,540 SL : 569
Intraday Cash Tips 5.12.2013
TATAELXSI
BUY : 334 TARGETS : 340,349,369 SL : 331.00
SELL: 321 TARGETS : 315,304,286 SL : 323.70
DISHTV
BUY : 60.95 TARGETS : 61.55,62.35,64.00 SL : 60.35
SELL: 59.10 TARGETS : 58.50,57.20,55.70 SL : 59.70