Tuesday, June 12, 2012

Stock Market Outlook | Nifty Levels For tomorrow

Stock market outlook :- Lower then expected IIP data could not took the investors atteions and market closed with gains.The Nifty regained 5100 level and closed above its 200-DMA which is considered to be a bullish sign for markets,this is a good sign for market.Banking, realty, capital goods and auto were the biggest gainers in today's session and consumer durables, power and metal, too, made significant gains. For tomorrow market is having postive sentiments. 

Nifty Support and resistance level for 13 June :- For tomorrow nifty has resistance at 5164 if this will break then next resistance would be at 5280 .Nifty has support at 5048 if this would break then next support will be at 4932.