TECHNICAL ANALYSIS FOR SBIN AND CHART

FUTURE :

“BULLISH SBIN ABOVE 229 TGT  234/239”

“BEARISH SBIN BELOW 225 TGT 221/216”

DAILY CHAT FOR SBIN:

DAILY & WEEKLY SUPPORT AND RESISTANCE FOR SBIN:

SBIN levels generated based on 2015-12-14 data for the next trading day.

Daily	R4	R3	R2	R1	BULL	LOC	BEAR	S1	S2	S3	S4
Level	231	230	229	228	228	227	227	226	226	225	223

SBIN  Weekly levels generated for the week starting from 2015-12-14

Weekly	R4	R3	R2	R1	REV	BULL	LOC	BEAR	REV	S1	S2	S3	S4
Levels	250	246	240	236	232	231	229	228	227	222	219	215	213

MARKET SUMMARY FOR 14 DEC 2015

Sensex opened at 24,936, touched an intra-day high of 25,194 and low of 24,868. It finally ended with a gain of 106 points at 25,150.The Nifty opened at 7,558 hitting a high of 7,664 and low of 7,551 before ending with a gain of 40 points at 7,650. The annual rate of inflation, based on monthly WPI, stood at -1.99% (provisional) for the month of November, 2015 (over November, 2014) as compared to -3.81% (provisional) for the previous month and -0.17% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was 0.85% compared to a build up rate of 0.50% in the corresponding period of the previous year.After a weak start, the Indian equity market managed to wash away its Monday morning blues and closed with smart gains. Weakness in the US and Asian markets led to the Indian indices opening gap down. However, that turned out to be the low for the day as the benchmarks move higher as the day progressed erasing all its early losses. Indices turned highly volatile and witnessed a sharp fall in late afternoon trades only to witness a V-shaped recovery towards the fag yet again erasing the sharp decline and end almost near day’s high.

The metals, IT, consumer discretionary and basic material stocks were among the top gainers. Even the mid-cap and the small-cap stocks also ended with smart gains. On the other hand oil & gas and realty stocks were among the top losers.