Market Outlook: Nifty Levels for 04 JULY 2012

Real Estate StocksReal estate, metals & banks help the market close in the green after a monotonous session which saw the indices trade flat for most part. The range for the day was a sheer 40 point with infrastructure keeping the market down.

The Bse Index closes at 17425 up 26 points or +0.15% & Nifty closes at 5287, up 9 points from the previous close or +0.18%. CNX Midcap index was up 0.6% % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 893 against declines of 560 on the NSE.

Today also consolidation going on. The level 5311-5333 seems to be good Resistance

Last Close at 5288 up 10 points, Last High at 5326 Low at 5266, Weekly High at 5316 and low at 5095 and 5 DMA at 5227, 20 DMA at 5128, 50 DMA at 5048 and 200 DMA at 5078

5-Days Relative Strength Index at 60 and 14-Days Relative Strength Index at 67. It Indicates Nifty Placed in Bullish Zone.

RESISTANCE: It has the First resistance close to the level 5311 & above the level marks the track point at 5333 later zooper level at 5355 mark.

SUPPORT:  It has the first support close to the level of 5266 & below this level mark next support is seen at 5244 later dipping level near 5222 mark.

Market Outlook: Nifty Levels for 21 JUNE 2012

Nifty IndexThe Nifty bounce back by the cement sector from the lows of the day helped the market close with modest gains following a passive and range bound session. Volumes were good and sectors that saw green led were as autos, metal stocks and infra.

The Bse Index closes at 16896 up 36 points or 0.22% & Nifty closes at 5120, up 16 points or 0.33% from the previous close. CNX Midcap index was up 1.1 % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 896 against declines of 519 on the NSE.

Last Close at 5120 Up 17 Points, Last High at 5141 Low at 5100, Weekly High at 5190 and low at 5015 and 5 DMA at 5096, 20 DMA at 5007, 50 DMA at 5062 and 200 DMA at 5070

RESISTANCE: It has the First nifty resistance close to the level 5133 & above the level marks the track point at 5155 later zooper level at 5177 mark.

SUPPORT:  It has the first support close to the level of 5088 & below this level mark next support is seen at 5066 later dipping level near 5044 mark.