After a weak opening, Indian stock markets gained momentum thereafter led by buying activity across index heavyweights. Sensex closed higher by 434 points (up 2%), Nifty closed higher by around 126 points (up 2%). The BSE Midcap and BSE Small cap also closed higher by 1% each. Gains were largely seen in FMCG, banking and auto stocks. Yesterday Nifty took support at 5750. Market Mirror 15'th April 2011
SGX Nifty is trading -50 points down. Nifty has support at 5850, 5900 level. We might see some bounce from lower level but as today is last trading day, profit booking may emerge at every higher level. Selling will continue on next Friday. Reliance, Tata Steel & Nifty may see Selling Pressure on weekly basis. Friday Factor will make it's Impact. Nifty may close around 5880-5890 level loosing 50-60 points on closing basis.
After a weak opening, Indian stock markets gained momentum thereafter led by buying activity across index heavyweights. Sensex closed higher by 434 points (up 2%), Nifty closed higher by around 126 points (up 2%). The BSE Midcap and BSE Small cap also closed higher by 1% each. Gains were largely seen in FMCG, banking and auto stocks. Yesterday Nifty took support at 5750.
Market Mirror 15'th April 2011
SGX Nifty is trading -50 points down. Nifty has support at 5850, 5900 level. We might see some bounce from lower level but as today is last trading day, profit booking may emerge at every higher level. Selling will continue on next Friday. Reliance, Tata Steel & Nifty may see Selling Pressure on weekly basis. Friday Factor will make it's Impact. Nifty may close around 5880-5890 level loosing 50-60 points on closing basis.
Tata Steel ADVANCE SCIENTIFIC Chart 15'th April 2011:-
(Forecasting to happen during Trading Hours,Chart published before market opens)
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