The domestic equity markets settled higher today, tracking robust gross domestic product (GDP) data for the July-September 2010 quarter (Q2). The Indian economy expanded at 8.9% during Q2FY11 against the street expectations of around 8-8.5%. Though global cues were not very encouraging in trade today, but the markets managed to show smart recovery during the session after release of the GDP data. The BSE Sensex and the NSE Nifty regained the psychological levels of 19,500 and 5,850 respectively in trade today. With this the key indices have now inched higher for two sessions in a row. Intraday recovery was led by realty counters.
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- Where Do We Expect Nifty Next Week (25-Oct-2010) Markets inched lower in past two trading sessions, this created a consolidation or range bound markets as broader indices are trading between 20 DMA and 50 DMA. We expect Nifty to take a strong support...
- Nifty Future Support Resistance Levels For 23-Nov-2010 Nifty may open slightly lower today following global markets, we can see profit booking near 5970 level. However we may see more weakness in afternoon session, we suggest you to enter a sell position, as...
- Nifty Futures Support Resistance Level For 30-Nov-2010 Nifty will witness intraday support near 5783 level today, if it beaks below that support level then are more likely to see further downside. We expect a recovery in broader indices today, so Buy Nifty...
- Nifty Futures Support Resistance Level For 26-Nov-2010 We will witness buying at lower levels today may be near 5742 level. However, we suggest you to enter a buy position, as markets are more likely to strengthen so buy nifty futures near 5750...
