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Wednesday 12 October 2011

Nifty Intraday Outlook For Tomorrow 13-Oct

It was fantastic day for Indian Stock Markets as both benchmark indices (Nifty & Sensex) closed with significant gains today. Today Nifty has crossed its psychologically important level of 5000 which is very good indication for market in coming trading sessions.

For intraday trading tomorrow, trend deciding level at 5115. For Nifty 5030 may act as the immediate support level. On upside, 5150-5200 is the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 5240.

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