Thursday, 25 October 2012

Nifty Levels and Market Outlook For 26 Oct


BANK NIFTY OUTLOOK

Trend: - Consolidate
Resistance: -11740, 11880
Support: -11530, 11380
Strategy: - Buy on Dips



NIFTY OUTLOOK

Trend: - Consolidate
Resistance: - 5750, 5830
Support: -5660, 5580
Strategy: - Sell on High



  • Sensex raised 0.26% @18,758.63 pts; Nifty raised 0.24% @ 5,705.30 pts.
  • Europe’s major indices CAC, FTSE & DAX were up from 0.19 % to 0.55 %.
  • NASDAQ was down 0.29 %, Dow Jones Industrial Average was down 0.19%.


Sensex gained 48.61 pts @18,758.63 while Nifty gained 13.90 pts @ 5705.30. Indian shares rose marginally on Thursday – a settlement day for the F&O contracts of October series, shares of utility vehicle maker topped the buying list in late trade gains in Mahindra & Mahindra after it beat analysts' estimates with a 22 % rise in net Q2 profit.

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