Thursday, April 21, 2011

#9 Nifty Update

NIFTY had third consecutive bull run.  NIFTY tested  the level of 5900 and up but cldnt stay up for much of its time. Today we had 2 important results TCS and RIL. TCS results were given during the market but it was mixed bag so investors didn’t react much actively causing TCS almost down by Rs.50 from its life time high made during the day. Today it was a  silent day for NIFTY as we didn’t have that much volatility during the day. It opened positive on the basis of SGX nifty and other markets bull run last night. But in spite of its 3rd bull run yet it has to cross 5937 level to confirm the bull run. RIL result was announced late this eve around 6pm. It was also a mixed bag so we might see some downfall in RIL and NIFTY on Monday. All the Daily Indiacators are now showing some path for the Bull run.

NIFTY levels for 25th april are:
S-5857                  R-5908
S-5833                  R-5937
S-5792                  R-5982
S-5735                  R-6015

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