Market Outlook
The markets ended flat, capital goods, IT, Auto and Metals were the worst performers, whereas Oil & Gas were the highest gainers of today's trading session. The European markets also traded flat. S&P CNX opened flat around 4979. The Sensex closed around 16450, down by 15 points and Nifty settled around 4955.80 down by 12 points from their previous close.
Nifty Tomorrow
The Nifty opened flat around 4977 and traded choppy for whole day. Nifty made intraday high of 4980 and low of 4930 and finally settled around 4955.80 down by 12 points. For tomorrow, Nifty is expected to trade above 4955.93. On the up side it is expected to trade in the levels between 4980.87 - 5030.86. If it fails to trade above 4955.93 a downfall till 4880.86 could also be seen. On the down side it is expected to trade in the levels between 4930.86 - 4880.86.
Resistance3: 5030.86
Resistance2: 5005.93
Resistance1: 4980.87
Pivot Point: 4955.93
Support1: 4930.86
Support2: 4905.93
Support3: 4880.86
The markets ended flat, capital goods, IT, Auto and Metals were the worst performers, whereas Oil & Gas were the highest gainers of today's trading session. The European markets also traded flat. S&P CNX opened flat around 4979. The Sensex closed around 16450, down by 15 points and Nifty settled around 4955.80 down by 12 points from their previous close.
Nifty Tomorrow
The Nifty opened flat around 4977 and traded choppy for whole day. Nifty made intraday high of 4980 and low of 4930 and finally settled around 4955.80 down by 12 points. For tomorrow, Nifty is expected to trade above 4955.93. On the up side it is expected to trade in the levels between 4980.87 - 5030.86. If it fails to trade above 4955.93 a downfall till 4880.86 could also be seen. On the down side it is expected to trade in the levels between 4930.86 - 4880.86.
Resistance3: 5030.86
Resistance2: 5005.93
Resistance1: 4980.87
Pivot Point: 4955.93
Support1: 4930.86
Support2: 4905.93
Support3: 4880.86
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