Stock Equity Newsletter For Traders -08/11/10

Nov. 8, 2010 - PRLog -- MARKET WRAP

Indian market ended above crucial levels, Sensex at 21K and Nifty at 6300 .

US Non-farm employment came better than expected, up at 151K vs. (-)41k.

Global markets were positive ahead of crucial fed met, DJIA was up as well .

Indian equity market ended at all time highs with marginal loss due to profit booking. Nifty ended above 6300 at 6312 and Sensex shred almost 20 pts to settle above 21K at 21004. US Non-farm employment data came better than expected up at 151K vs. (-)41K. European markets were up as GBP PPI input m/m came up at 2.10% vs. 0.4%.

TECHNICAL VIEW

NIFTY
DAILY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
NIFTY 6423 6388 6353 6332 6318 6297 6283 6248 6213

OUTLOOK
Trend: - Bullish
Resistance: - 6350, 6415
Support: - 6285, 6210
Strategy: - Buy on dips

BANK NIFTY
DAILY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 13496 13422 13348 13307 13274 13233 13200 13126 13052

OUTLOOK
Trend: - Bullish
Resistance: - 13310, 13550
Support: - 13150, 12900
Strategy: - Sell on highs

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CapitalHeight Financial Services is a leading Financial Advisory Company with a strong presence among all Stock Brokers & Traders.