Bulls recovers from yesterdays loss,the Sensex ends 240.00 points up at 19417.76, and the Nifty closes at 5840.75, up 69.85 points (provisional). About 1247 shares have advanced, 1030 shares declined, and 151 shares are unchanged. ITC , Tata Power , TCS , Tata Motors and Infosys are top gainers in the Sensex while BHEL , Tata Steel and ONGC are major losers.The share price of Firstsource Solutions has jumped 20 percent as Rakesh Jhunjhunwala buys 5.14 percent in the company. ICICI Bank , Metavante Investments Mauritius are sellers of the stake. As on March 2013, ICICI Bank and Metavante Investments Mauritius held 6.88 percent and 6.90 percent stake in Firstsource respectively.
Today FIIs bought net 164 crores in cash, While DIIs sold net 76 crore in cash, So there is no much selling from Fiis. Asian and European markets are positve. So gap up open expected tomorrow, So the first resistance for nifty is at 5860-65 level. The trend is slightly in bull side but a move below 5794 is not good.On upside intraday resistance are at 5864,5884 and 5920.
Intraday Resistance of NIFTY are 5880 5915 5950 5970
Intraday Support of NIFTY are 5800 5770 5750 5720
Today FIIs bought net 164 crores in cash, While DIIs sold net 76 crore in cash, So there is no much selling from Fiis. Asian and European markets are positve. So gap up open expected tomorrow, So the first resistance for nifty is at 5860-65 level. The trend is slightly in bull side but a move below 5794 is not good.On upside intraday resistance are at 5864,5884 and 5920.
Positional Support for NIFTY 5818 5788 5741 5723 and positional Resistance for NIFTY is 5852 5857 5874 5920 5936 .
Intraday Resistance of NIFTY are 5880 5915 5950 5970
Intraday Support of NIFTY are 5800 5770 5750 5720
According Pivot based Trading
Pivot : 5823.73
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Fibonacci Values
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