WEEKLY UPDATES FOR EQUITY MARKET

MARKET ANALYSIS

•  Sensex slips 340 pts on global woes; Q2 nos lift Infosys 7%

•  Infosys Q2 net up 7%, $ revenue rises 3.1%, approves 1:1 bonus

•  HC rules in favour of Vodafone in transfer pricing case

•  PNB cuts term deposit rates for up to 1 year to 8.5%

•  Mkt to become volatile; buy L&T on every dip: Edelweiss

 

NIFTY ANALYSIS

•  Positional Support for NIFTY 7800.

•  Immediate resistance for NIFTY is 8200.

•  Intraday Resistance of NIFTY are 8000:8070

•  Intraday Support of NIFTY are 7910: 7840

•  Oscillator Analysis - The oscillator is showing BUY signal

•  Short Term Oscillator Analysis- The signal is BUY signal.