Market Wrap-Up Heightening geo-political tension weighed
heavy on investor sentiment as they shrugged-off the better-than expected
manufacturing PMI data to end the first trading day of the week in red. Nifty
lost 55.50 points or 0.88 percent to end at 6221.45 and Sensex shut shop at
20946.65, down 173.47 points or 0.82 percent.
Domestic Update
Showing signs of recovery, the HSBC Purchasing Managers'
Index (PMI) for manufacturing stood at 52.5 points in February, a one-year
high. It was 51.4 points in January.
Technical Trading Trend
Sensex
Close: 20946.65
Resistance: 21019/21076
Support: 20881/20813
Nifty
Close: 6221.45
Resistance: 6243/6260
Support: 6202/6182
Equity Calls
Jubilant Life Buy 136.45 SL 130.00 Target 144.00
Blue Star Infotech Buy 139.25 SL 135.00 Targets 145.00
Paper Products Buy 95.65 SL 91.00 Targets 102.00
Goodyear India Buy 432.80 SL 419.00 Targets 450.00
• Apollo Hospital's family constitution to be finalised soon.
ReplyDelete• Lupin receives USFDA approval to market cholesterol-lowering drug.
• Cognizant Q2 net rises 86% to $470 mn on lower income tax.
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