Market Summary and Overview for Tomorrow - Kedar K Murdeshwar

22nd Sept,2011 (Thursday)

Nifty (Intraday close:4918.10) (-215 points down)
Sensex was down by 704 points and closed at 16361
Gold: 27912 (MCX) Down by 229 points
Dollar:48.96


Nifty opened gap down today.It has given a downward breakout from a symmetrical triangle formation.Nifty can open below tomorrow for touching the level of 4893 a crucial support.

Nifty overview for Tommorw (23rd Sept,2011)

Given below are the Crucial Intraday Levels for Trading.Nifty would try the upper levels given below if its is above 4961 and will try to test the lower levels if is below 4961

The Support levels for Tomorrow are 4863,4809 and 4711
The Resistance levels for Tomorrow are 5016,4907 and 4918

Today's Summary

All the 50 stocks ended negative.
Jpassociates (-9.81%) and Rcom (-8.26%) were the Top Losers today

Overview for Tomorrow (23rd September 2011)

Reliance still looks bearish and can try to touch its crucial support of 759.The stock is currently trading at 780 as on NSE.

TCS looks bearish for Tomorrow.Support levels are 976 and 957
Wipro looks Bearish for Tomorrow and the support levels are 334 and 327

DLF Waiting to touch its support level of 188.Currently trading at 196.50