Nifty Trend Level Today 13 may 2015—By Equity Research Lab

NIFTY SPOT: 8126.95 (-2.38%) NIFTY FUT: 8130.00(-2.54%) Stocks nosedived on Tuesday for the second time in less than a week, revealing the nervous mood in the market. The Sensex crashed 629.82points or 2.2 % at 26877.48, and the Nifty was down 198.30 points or 2.4% at 8126.95.Brokers said local traders were wary of buying at higher levels as foreign institutional investors do not appear too bullish at the moment. Today’s sell off was widespread with every single sectorial index closing in the red. Worst hit were the share from the capital goods, banking, oil & gas, power, realty and auto sectors. About 772 shares have advanced,1943 share declined, and 147 shares are unchanged. Big losers in the Nifty were Bank of Baroda, Tata Steel, Cairn India, Vedanta and BHEL. Gaining over 3 percent each, Dr Reddy’s Labs and Hero Motocorp were top gainers in the Nifty. But as to- day’s fall shows, fundamental concerns could cap gains near term even if the downside appeared limited. Rising crude prices, likelihood of the US Fed hiking rates, Greece-led problems in the Eurozone, and back home, erratic rainfall and a slower than expected economic recovery are some of the hurdles for the bulls. Daily Nifty Levels (SPOT) Pivot: 8189.63 R1: 8263.97 S1: 8052.62 R2: 8400.98 S2: 7978.28 R3: 8475.32 S3: 7841.27 Daily Nifty Levels (FUT) Pivot: 8193.63 R1: 8268.37 S1: 8055.27 R2: 8406.73 S2: 7980.53 R3: 8481.47 S3: 7842.17 For More Detail Visit Our Site -- http://www.equityresearchlab.com/ Call on -- 8109999233 , 0731--6666111

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