Indian stock market gained further ground during the closing stages and as a consequence, ended the day strongly in the positive. Sensex closed higher by 350 points, Nifty gained 110 points (up 1.9%). BSE Midcap and BSE Small cap indices, both closed higher by 1% each today. Most Asian indices closed the day in the positive with stocks from Europe also witnessing a positive trend currently. Today's gains had more to do with global factors than local we believe. Investors bought into Asian stocks, including India, on the back of positive economic news emanating from the US and the expectation that the world's largest economy is indeed recovering.
Market Mirror 20'th April 2011
Us Market closed positive after Apples's good result. Asian market is trading in Positive. SGX Nifty is trading 35 points up. INDIA VIX index was down 4% yesterday. Nifty has Support 5850 and 5880 & Resistance is likely to come 5920,5950. Today is last trading day for week.
Sectorial Impact..............
- We bought LT @ 1700 level for a target of 1730-35 level. Trader can book profit @1740-1745 level. Trader should keep HIND OIL EXP on his radar.
- Reliance will come with its good result today.
- TCS will come with its good result today.
Tata Steel ADVANCE SCIENTIFIC Chart 20'th April 2011:-
(Forecasting to happen during Trading Hours,Chart published before market opens)
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Nishant Jani
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