Golden Investment Research (P) Limited
TODAY JAN 12, 2012 STOCK MARKET OPENING BELL !!!
Infosys' Q3 results to set the tone; IIP data in focus
IT bellwether Infosys's Q3 results due today, 12 January 2012 will set the tone for the market. IT major is likely to deliver strong Q3 numbers, partly helped by the Rupee's steep fall. Finance major HDFC will also announce Q3 results today. Data on industrial production for November 2011 will also be closely watched. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated a flat opening. Mostly higher Asian stocks may support domestic markets.
WORLD MARKET DATA JAN - 12
| Dow | -13.02 |
| Nasdaq | +8.26 |
| Nikkei | -58.74 |
| Hang Seng | -1.93 |
| SGX NIFTY | +3.50 |
NIFTY SPOT LEVEL (JAN-12 ) 4,860
| RESISTANCE 1 | 4,878 |
| RESISTANCE 2 | 4,895 |
| RESISTANCE 3 | 4,913 |
| SUPPORT 1 | 4,842 |
| SUPPORT 2 | 4,824 |
| SUPPORT 3 | 4,807 |
BANK NIFTY SPOT LEVEL (JAN-12 ) 8,839
| RESISTANCE 1 | 8,887 |
| RESISTANCE 2 | 8,934 |
| RESISTANCE 3 | 9,009 |
| SUPPORT 1 | 8,764 |
| SUPPORT 2 | 8,688 |
| SUPPORT 3 | 8,641 |
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