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.