NIFTY OUTLOOK-Weekly Report Nifty Analysis 16/sept/2013

NEWS INSIGHT

Sebi allows FIIs to invest in govt debt without any auction
BJP names Narendra Modi its PM candidate for 2014 polls
Indian pharma monthly growth hits record low in August
FMC finds fraud in NSEL; ‘fit & proper’ status under risk
Twitter files for long-awaited IPO
5.3% FY14 GDP forecast is bit optimistic: Experts
ONGC, Shell to pre-empt Petrobras oil block stake sale

NIFTY ANALYSIS

Positional Immediate support for NIFTY is 5680
Positional Resistance for NIFTY is 6048.
Intraday Resistance of NIFTY are 5884 :: 5932
Intraday Support of NIFTY are 5815:: 5745
Oscillator Analysis The oscillator is showing SELL signal
Short Term MACD Analysis- The MACD is showing SELL signal.

NIFTY WEEKLY PIVOTS

INDEX     S1      S2      PP      R1     R2
NIFTY   5748 5646 5840 5942 6034

BANK NIFTY WEEKLY PIVOTS

INDEX                S1     S2        PP       R1        R2
BANK NIFTY 9970 9761 10190 10399 10618

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