Monday, June 27, 2011

Nifty Outlook For Tomorrow (28 June 2011)

Market Outlook 
Hike in diesel prices led the Oil and Gas Stocks like ONGC, BPCL, IOC and BPCL to boom up which helped in deciding the trend of market today and NSE Nifty Index closed with significant gain of 1%. Oil & Gas, banking Sector and Infrastructure stocks lead the row and Nifty could able to touch the 5,500 level. The S&P CNX Nifty closed at 5526.60, up 55.35 points or 1.01%.
The Futures Derivative of Nifty (Nifty Futures) rallied up 50.15 and finally settled at
5534.20 (+0.91%).
Now 5558 is seems to be the crucial level for upside above which Nifty can break 5600 mark. Below support level of 5445 Nifty can see downtrend.

The firs resistance is seen near 5560 and above this level the next resistance level is 5625.
Downside support level is close to the level of 5440 and below this next resistance is seen near 5335.


Posted By Commodity MCX Tips