Daily Market Update and Overview for 28th Sep 2011 - Kedar K Murdeshwar

27th Sept,2011 Tuesday

Sensex: 16524.03 (472.93 pts up)
Nifty: 4971.25 (135.85 pts up)

Gold (MCX): 26671 (984 pts up)
INR-USD: 49.62

Dow: 11043.83
Nasdaq: 2516.69
CAC: 2955.51
HangSeng: 18130.55
DAX: 5539.62

Overview for Tomorrow (28th Sept,2011)

Nifty opened higher today and closed near its high indicating bullishness.The Upper target levels for Nifty for 28th Sept are 5005,5033 and 5083.
The support levels for tomorrow are 4928,4878 and 4850.

My personal opinion is that If Nifty crosses and Sustains above 4985,then it can reach and touch 5059 and 5109 before coming down fron this level.

All the scrips in Nifty were positive except 3 scrips.Cipla (-0.47%),BPCL (-0.33%) and Sun Pharma (-0.13%).

Good stocks to Buy for tomorrow are

Buy DLF,if it crosses 217.The Intraday upper targets for DLF are 222 and 227
Buy Tata Motors with a Target of 161 and 163
Buy Reliance with a Target of 825.
Buy TCS with a Target of 1065