27.05.2011 MARKET DATA

27.05.2011 MARKET DATA

DEAR ALL

The markets picked up a bit today, recovering some of the losses it made during the week. Oil & gas and banking made some gains. Overall, the markets lost a bit over the previous week, with auto being the biggest loser. The numbers are following: the Sensex lost 0.1% and the Nifty closed with 0.3% loss. The BSE midcap index lost 0.4% and Bank Nifty gained 0.6% over the week. BSE Realty lost 0.1%, BSE Auto down 1.6%, BSE OilGas gained 2.4% while BSE Metallost 0.3% during the week.

NIFTY SPOT LEVEL

For today’s  NIFTY SPOT may take support at 5412

Above 5412 may rally up to 5435 and 5460.

Below, 5412  may go down to5370,and 5330.

Short covering in index heavy weight stocks helped Nifty to recover from lower level

As said, today spot has opened the support level, but within short time, market has shoot up very quickly & fast. The range it moved was appreciable, once it crossed out mentioned support level @ 5412.

Within an Hour it has reached the top resistant level 5460; it also crossed 5480 too. Market has closed in a positive zone as of today alone is considered. But when the trading has taken into consideration, we cannot assure that the market is in complete buying zone. Due to market correction also this up movement can be happened.

Whatever happens, our Intra-Day calls will surely fetch you good return. Just trade with trend. Call us if we were helpful for you in anyway.

AS ON SENSEX CLOSED @ 18266.10 (221.46)

 NIFTY CLOSED @ 5476.10 (63.75)

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