Nifty Future forthcoming weekly View (21-01.2013 to 25.01.2013).

Markets ended just below resistance level Nifty Future ended journey 6075. The Nifty has rebounded sharply from the support of 5986. Nifty Future has been oscillating in the trading range of 5985-6095 since last few trading sessions. Investors will hope for a breakout beyond this range. The government also appears to be firing on all cylinders. Consumers would get nine subsidized cooking gas cylinders a year, instead of six at present. Bulk consumers will have to pay market price, to be revised every fortnight. The benchmark indices ended at fresh two-year high with Sensex notching key 20,000 resistance levels on Friday led by gains in oil & gas, power and realty stocks. On the sectoral front, oil & gas, PSU, real-estate, power, capital goods, banks gained while technology, IT, auto, metals and healthcare indexes dropped. Reliance announcing its good results expect some mega action in these counters & markets. Reliance can lead next leg of rally for markets. But Key Factor is up coming RBI review on Jan. 29.

Results Preview:

HCLT Rev Rs62bn (+1.9% qoq), PAT Rs8.2bn (-5.4% qoq); RIL Rev Rs918.4bn (+7.9% yoy), PAT Rs50.3bn (+13.3% yoy); ITC (Standalone) Rev Rs73bn (+17.6% yoy), PAT Rs19.7bn (+16.1% yoy); HDFC Bank NII Rs38.2bn (+22.6% yoy), PAT Rs17.1bn (+19.8% yoy);

Forthcoming

Oberoi Realty Limited 19-Jan-13 Un-audited Financial Results

UltraTech Cement Limited 19-Jan-13 Un-audited Financial Results

TV18 Broadcast Limited 19-Jan-13 Un-audited Financial Results

NTPC Limited 21-Jan-13 Un-audited Financial Results

Raymond Limited 21-Jan-13 Un-audited Financial Results

Shree Cements Limited 21-Jan-13 Un-audited Financial Results

Asian Paints Limited 21-Jan-13 Financial Results

Cairn India Limited 21-Jan-13 Un-audited Financial Results

HDFC 21-Jan-13 Un-audited Financial Results

Nifty Future Technical Level.

Nifty Future Support - 6040, 5990, 5930.

Nifty Future Resistance- 6115, 6165, 6225

Disclaimers: - Subject to change above view as per market situation & conditions. All view my personally. So please trade with your on knowledge and technical point of views. Remember Profit & Loss you’re your own part. Take Care.

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