S-4475/4435/4365;Sensex(CASH)R-15315/15440/15795
S-15080/14960/14725;MARKET OUTLOOK:VOLATILE WITH +VE BIAS 8.53A
9:33 AM 7/20 RESEARCH: MARKET OUTLOOK: Inverse head and shoulder pattern in the daily chart indicates that the NIFTY is heading upward toward the resistance (4480) found near the top of the previous trough. If NIFTY breaks above 4480 levels on daily closing basis, then it could run up to 4690 levels in short term. For the day, NIFTY may open flat to positive and it can be expected to test the short-term key resistance level of 4480. The NIFTY has resistance at 4420 and 4440 levels. Above this level, it could test 4480 levels. Trade cautiously as profit booking can be expected between 4450 – 4500 levels. On the downside, NIFTY is having support at 4315 and 4270. If it moves below this level, it may drag to 4230 levels.
9:35 AM 7/20 RESEARCH-Global Market (in %): DOW JONES (+0.37%), S&P 500 (-+0.04%), NASDAQ (+0.08%), FTSE (+0.62%), DAX (+0.43%), NIKKEI(+0.55%), HANG SENG (+2.54%) & SGX NIFTY (+47 POINTS)
11:42 AM 7/20 RESEARCH: FLASH NEWS: JSW Steel standalone Q1 PAT up by 55% to Rs 340.02 Cr Vs Rs 219.35 Cr (YoY)
1:11 PM 7/20 RESEARCH: SHORT-TERM FUNDAMENTAL CALL : BUY INDIA CEM CMP 151.75 TGT 160 SL 148
2:08 PM 7/20 RESEARCH:INTRADAY CALL (CASH) : SHORT SELL JSWSTEEL BELOW 595 TGT 576 SL 605
