Wednesday, September 22, 2010

NIFTY LEVEL FOR 23rd September 2010

It was another wonderful day for the Indian market which saw the Sensex and Nifty cross the 20000 and 6000 mark, respectively, and signal the continuance of the bull run. Global cues were flat but experts say strong inflows of FIIs is keeping our market's upward momentum going. Today, capital goods, technology and healthcare looked strong but the broader markets were weak and there was selling pressure in midcaps and smallcaps. Sensex shut shop at 20001, up 95 points and Nifty at 6009, up 28 points from the previous close. CNX Midcap index was down 0.8% and BSE Smallcap index was down 1.3%. The market breadth was negative with advances at 278 against declines of 1016 on the NSE. Top Nifty gainers were Ranbaxy, TCS and Wipro while losers included ITC, Unitech and Suzlon Energy.

NIFTY

Pivot Level = 5998

Support1 = 5948

Resistance1 = 6043

Support2 = 5903

Resistance2 = 6093

Support3 = 5853

Resistance3 = 6138


Bank nifty

Pivot Level = 12260

Support1 = 12182

Resistance1 = 12373

Support2 = 12069

Resistance2 = 12451

Support3 = 11991

Resistance3 = 12564

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