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Tuesday 7 February 2012

Stock Market Update - 7th Feb 2012

7th Feb 2012,Tuesday

Nifty (5334.10) (-27.55 points) as at 3.30pm
Sensex (17622.45) (-84.86)

As per my yesterday's prediction,Nifty opened up and came down but stood still on its support of 5322.Tommorow in the early session if this level of 5322 is maintained,Nifty can end up positive or else if this level is breached on the downside,beware of a Fall till it again tests 5219.

The Nifty support levels for tommorow are 5300 and 5266
The Nifty Resistance levels for tommorow are 5390 and 5447

Kotak bank (2.53%) and Cairn (2.45%) were the top Gainers
Bhel (-4.66%),JP Associates (-4.38%) and Tata Steel (-3.73%) were the top losers

M&M was down by -3.27% due to poor results.

Other Updates
Gold (MCX): 27894
USD/INR: 48.98

KD

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