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Friday 30 September 2011

NIFTY Weekly Update - Kedar K Murdeshwar

1st October,2011 Saturday

Nifty:Nifty closed 1.55% up from the previous close.(ie 75.50 points up).Though it made a formation of Lower top and lower bottom from the previous week,it managed to give a close above previous week.The Volumes are Continuously Falling for the last 4 weeks.

Given below are the Support & resistance levels for Next week

Nifty Support: 4792,4642 and 4526
Nifty Resistance:5059,5175 and 5326

Junior Nifty Support: 9643,9463 and 9290
Junior Nifty Resistance: 9995,10168 and 10347

Cnx Bank Support: 9193,8918 and 8670
Cnx Bank Resistance: 9716,9963 and 10238

Stocks that can be bought for next week

BEL (1534.10) Target 1560,Cummins India (414.30) Target 425,Power Grid (98.45) Buy above 99 and Target is 100,Sesa Goa (200.55) Target 208.










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