Market
Outlook
The market is uncertain with a negative tilt. The
traders seem to be in disagreement. The negative sentiment, however, is
increasing as evident from the last bearish pattern “Harami”. So, it is better
to be on alert. 6250 Below Nifty Future not Good for buying. As per the results calendar, investor should keep an eyes on Asian Paints, UltraTech Cement, Kotak Mahindra Bank, HDFC, L&T, Dabur India, Biocon, Zee Entertainment, Cairn India etc Q3FY14 earnings for the next week. Globally, the Federal Open Market Committee (FOMC) holds a two-day monetary policy meeting on 28 and 29 January 2014. Back home, the Reserve Bank of India's Third Quarter Review of Monetary Policy for 2013-14 is scheduled on 28 January 2014.
Technical
Levels: Resistance 6325-6510. Support 6250-6200-6130-6000
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