Daily Market Update and Overview for 30th Sept 2011

29th Sept,2011 Thursday

Sensex: 16698.07 (252.05 points up)
Nifty: 5015.45 (69.55 points up)

MCX Gold: 25700 (up by 27)
INR:USD: 49.18

Dow:  11010.90
Nasdaq:  2491.58
CAC: 3012.46
Hang Seng: 18011.06
DAX: 5574.48
FTSE: 5192

Nifty was up today but may face resistance at 5046 and 5059 in intraday tomorrow.These are immediate tough resistance levels.

Nifty Gainers: JP Associate (7%),Kotak Bank (3%) and Infy (3%)
Nifty Losers: Sesa Goa (-2.22%),LT (-2.19%) and Rel Capital (-2.15%)

Overview for tomorrow (30th Sept,2011 Friday)

The Support Levels for Nifty for Tomorrow are 4937,4857 and 4809.
The Resistance levels for Nifty are 5065,5114 and 5193

Stock Recommendtations for Tomorrow are as follows

Buy HSIL.Target for Tomorrow 183 and 190
Buy Bom Dyeing.Target for Tomorrow 390
Buy Alok Textile.Target 20
Buy JP Power.Target 36
Buy Tulip.Target for Tomorrow 170

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