On the global markets front, the major indices in Asia ended on a mixed note. The Nikei225, Jakarta Composite and Hang Seng declined by 1.13% at 10,360.34, 0.77% at 3,487.61 and 0.68% at 23,617.02 respectively. On the flipside, Taiwan Weighted, Straits Times and Shanghai Composite inclined by 0.47% at 9,145.35, 0.31% at 3,229.69 and 0.14% at 2,752.95 respectively.
European markets, which opened after the Indian market were trading on a mixed note. Key benchmark indices like – CAC 40 was trading higher by 0.05% at 4,061.70 and in Frankfurt, DAX index was trading up by 0.17% at 7,167.57. On the flipside, FTSE 100 declined by 0.57% at 5,931.20.
The BSE Realty was at 2,279.62 down by 118.94 points or by (4.96%). The main losers were HDIL (10.06%), DLF (7.02%), Ackruti City (6.56%), Orbit Corp (5.91%) and D B Realty (4.61%).
The BSE CD index was at 5,923.17 down by 241.05 points or by (3.91%). The main losers were Blue Star (11.61%), Whirlpool (5.73%), Gitanjali Gems (4.66%), Rajesh Exports (4.21%) and Titan Inds (2.71%).
On the corporate front, shares of SpiceJet Ltd slumped 8.44% to Rs 62.90 following reports that net profit of the company declined 13.31% to Rs 94.45 crore in Q3 December 2010 on y-o-y basis.
The BSE CD index was at 5,923.17 down by 241.05 points or by (3.91%). The main losers were Blue Star (11.61%), Whirlpool (5.73%), Gitanjali Gems (4.66%), Rajesh Exports (4.21%) and Titan Inds (2.71%).
On the corporate front, shares of SpiceJet Ltd slumped 8.44% to Rs 62.90 following reports that net profit of the company declined 13.31% to Rs 94.45 crore in Q3 December 2010 on y-o-y basis.
Nifty (5512) : {Spot levels}
Support @ 5485 - 5450 - 5410 - 5385
Resistance @ 5560 - 5600 - 5635 - 5680
SBI (2620) : 2650 is nearest and 2675 is crucial resistance for the day. Down ward side 2590 is nearest and strong support for the day. Breaks and sustains below 2590 then expect stock to fall down to 2550 and 2535.
Icicibank (1018) : 990 is solid and major support for the day.
Aban (674) : Stock looks weak on higher levels.
BOI (438) : 432 is nearest support, break below 432 it will fall down to 425 which is strong support, breaks and sustains below it then expect stock to fall down further to 415 and 409. Upward side 446 is nearest and 454 is strong resistance.
Titan (3468) : Selling on higher levels is expected.
Kotakbank (379) : 387 is nearest and 395 is strong resistance for the day. Down ward side break below 374 expect 360 and 354
BPCL (632) : Stock looks good to buy on declines on the charts, 620 and 612 are strong support on lower levels for the day.
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