Nifty Market today:
Sensex rose to 127 points in the morning session today, but in the afternoon session it flung in the afternoon hour ending the session with a marginal gain of 33 points today.
The BSE benchmark index closed its shutter today at 18,535.37 the gain was of 0.18 percent. While the NSE benchmark was up by 12.25 points to close at 5660.25. Nifty traded in the 5635-5665 range today.
Nifty Futures tips for tomorrow 18th October 2012:
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Nifty Support and the resistance levels 18 Oct 12
Pivot level for Nifty = 5668
Support 1= 5642
Support 2= 5619
Support 3= 5593
Resistance 1=5691
Resistance 2= 5717
Resistance 3= 5740
Nifty Trend
Today, Nifty is expected to trade flat on the back of mixed global cues and is expected to trade in the range of 5,422 - 5,492. The traders/investors are advised to create long positions if the Nifty takes support around 5,427 levels for targets of 5,457 and 5,477. One can also create short positions if it resists around 5,492 levels.
The Bank Nifty is expected to trade in the range of 10,420 - 10,780.
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Nifty Futures
Yesterday, Nifty opened with a gap on the upside and ended the day with a gain of 93 points around 4,966. All the sectoral indices closed in green. The BSE FMCG and Metal indices were up the most.
As Nifty has crossed the level of 4,908 in opening itself and staged further upside throughout the session to conclude the day with a gain of 93 points at 4966. The present momentum may ensure higher levels and Nifty is expected to test the level of 5,000 and above that 5,035 is possible.
On the downside, the range of 4,900 to 4,885 would be support in the immediate term, whereas the level of 4,820 would serve as a critical level below which the recent uptrend may reverse. Till the time Nifty trades below 4,820 the upsides may remain open even beyond 5,035, however the level of 5,035 would serve a resistance for next couple of sessions.
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