Friday 4 January 2013

NIFTY BANK NIFTY VIEW FOR TODAY 04 JAN



  • Sensex closed up by 0.26%@ 19764.78pts; Nifty up by 0.27%@ 6009.50pts.  

  • European market CAC, DAX, & FTSE were down by 0.53, 0.33, &0.16resp. 

  • NASDAQ was up by 3.07% while Dow Jones Industrial Avg. was up by 2.35%. 


Sensex closed up 50.54pts @ 19764.78, Nifty closed  up 16.25 pts @ 6009.50. The Equity Market edged higher on Thursday for a third consecutive session of bullish trend, as technology stocks, such as Infosys, advanced on  expectations for better-than expected quarterly earnings results. Rcom gained 4.81 %, while TCS gained 1.37 % .


NIFTY OUTLOOK 

   Trend: - Bullish  
   Resistance: - 6040, 6080
   Support: -5980, 5940
   Strategy: - Buy On Dips


BANK NIFTY OUTLOOK 

   Trend: - Bullish
   Resistance: -12900, 13050
   Support: -12780, 12630
   Strategy: - Buy On Dips

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