Market Outlook
Today, Markets had a good gap up opening on positive global cues. The markets made robust gains as Realty, metals, banking and auto were the gainers of today's trading session only IT and FMCG closed in red. The Sensex closed around 16643, up by 192 points and the Nifty settled around 5017, up by 63 points from previous close. Whereas, the CNX Midcap index closed with 1.4% gain while the BSE Smallcap index was also up by 1.2%.
Nifty Tomorrow
The S&P CNX Nifty is back above the psychological level of 5000 and amid range bound trading maintained the positive momentum throughout the day. Banking and metal stocks witnessed buying interest in the market. The Nifty gap open at 4995 and remained positive throughout the day. Nifty made intraday high of 5024 and and low of 4956 and finally settled near 5019 up by 63 points. For tomorrow, Nifty is expected to trade above 5000. On the up side it is expected to trade in the levels between 5043.33 - 5203.67. If it fails to trade above 5000 level a downfall till 4863.67 could also be seen. On the down side it is expected to trade in the levels between 4975.33 - 4795.67.
Resistance3: 5135.67
Resistance2: 5067.67
Resistance1: 5043.33
Pivot Point: 4955.93
Support1: 4975.33
Support2: 4931.67
Support3: 4863.67
Today, Markets had a good gap up opening on positive global cues. The markets made robust gains as Realty, metals, banking and auto were the gainers of today's trading session only IT and FMCG closed in red. The Sensex closed around 16643, up by 192 points and the Nifty settled around 5017, up by 63 points from previous close. Whereas, the CNX Midcap index closed with 1.4% gain while the BSE Smallcap index was also up by 1.2%.
Nifty Tomorrow
The S&P CNX Nifty is back above the psychological level of 5000 and amid range bound trading maintained the positive momentum throughout the day. Banking and metal stocks witnessed buying interest in the market. The Nifty gap open at 4995 and remained positive throughout the day. Nifty made intraday high of 5024 and and low of 4956 and finally settled near 5019 up by 63 points. For tomorrow, Nifty is expected to trade above 5000. On the up side it is expected to trade in the levels between 5043.33 - 5203.67. If it fails to trade above 5000 level a downfall till 4863.67 could also be seen. On the down side it is expected to trade in the levels between 4975.33 - 4795.67.
Resistance3: 5135.67
Resistance2: 5067.67
Resistance1: 5043.33
Pivot Point: 4955.93
Support1: 4975.33
Support2: 4931.67
Support3: 4863.67
