Share Market Monday Updates 25/03/2013

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

Nifty Updates For Today

Nifty is looking positive today. Market seems to be in correction mode after falling and making new lows in the past few sessions. However the overall trend is still negative and next good support is expected only at 5625 which is at 200 days EMA. A good bounce is expected from that level considering political crisis to be over and government stability a major issue.