Nirmal Bang has come out with its report on Indian markets. According to the research firm, Nifty has declined below the crucial levels of 6,020 and has closed below it. The index faces crucial hurdles at 6030 -6050 levels on the upside, expect selling.
Angel Broking has come out with its report on Indian markets. According to the research firm, the trend deciding level for the day is 19736. If Sensex trades above this level during the first half-an-hour of trade then it may witness a further rally up.
ICICIdirect.com has come out with its derivative report. According to research firm Nifty is likely to open positive on the back of positive global cues. It is likely to trade in the range of 5970-6040.
Brokerage house Angel Broking has recommended a Reduce rating on ABB in its May 10, 2013 research report. The company has taken steps like improving efficiency through supply chain initiatives and exit from rural electrification projects, its margin .
According to technical report by Angel Broking, if the Sensex sustains below Monday’s low of 19667 then the possibility of testing the 19542-19450 levels cannot be ruled out. On the upside 19851-19964 levels may act as resistance for the day.