Technical: Wait & Watch & Good time to Switch

Nifty future has broken its crucial supports of 7640 & 7530. The markets may fall further and Nifty may hover between 7300-7450. At these levels, 7300 is a strong support and can be broken only if there is a very strong negative event.

We reiterate that lower levels will offer an attractive investment opportunity for equities. Immediate market movements are based on risk aversion and escalation in tensions in Middle East. Money is moving from risk assets to safety of gold. The hike in Rail fares has increased fears of inflationary trend & interest rates have moved up by 20 basis points in the last one week.

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Banks raising overseas capital for tier-I part under Basel-III !

The 50-share Nifty index is expected to open higher on Friday following mixed trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6,100 in trade today ahead of crucial GDP data. Stocks in news are Heidelberg Cements, Idea, BHEL, L&T, Nevyeli Lignite Corporation, Arvind, TCS, United Bank of India, Wipro and Sugar Stocks.

Today’s Headlines

1) RBI begins probe into UBI over mounting bad debts.
2) IKEA looks to scale up furniture sourcing from India.
3) Kristal Spirits eyes 10% share in Indian premium vodka market.
4) Telcos migrating to IP backbone on rising data usage: NSN chief.
5) Banks raising overseas capital for tier-I part under Basel-III.

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Banks-raising-overseas-capital-for-tier-I-part-under-Basel-III