Market Outlook: Nifty Levels for 22 JUNE 2012

BSE SensexThe stock market closed with generous gains today with realty, banking, capital goods and power being the green leads. Oil & gas stocks lost significantly today and consumer durables & IT both closed negative.

The Bse Index closes at 17033 up 136 points or 0.80% & Nifty closes at 5165, up 45 points or 0.87% from the previous close. CNX Midcap index was up 1.2 % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 912 against declines of 498 on the NSE.

Last Close at 5165 Up 45 Points, Last High at 5170 Low at 5093, Weekly High at 5190 and low at 5015 and 5 DMA at 5119, 20 DMA at 50197, 50 DMA at 5061 and 200 DMA at 5072

5-Days Relative Strength Index at 69 and 14-Days Relative Strength Index at 60. It Indicates Nifty Moving In cheerful sector.

RESISTANCE: It has the First resistance close to the level 5177 & above the level marks the track point at 5199 later zooper level at 5222 mark.

SUPPORT:  It has the first support close to the level of 5133 & below this level mark next support is seen at 5111 later dipping level near 5088 mark.