Nifty on 2months' high, wept previous losses.

Market gained today even after mix global indices.Hangseng ended into negative and Nikkei closed marginally up. But European markets have gained more than 1.5% at the time of closing session of Indian markets.Nifty ended at new high after 8th Nov.2011,ended at 5240.9 with a gain of 41.65 points.Sensex closed at 17314.38 with 120.83 points gain.
Among BSE Sectoral Indices, Metal index shone by 3.13% rise.Capital Goods was among the top gainers by 2.3% after Metal Index.Consumer durable index was the top loser by shedding 1.35%.
In Nifty50 stocks, Tatapower gained the most by 6.54% and ended at 110.7 whereas Coal India was the top loser by 2.95% and ended at 317.55. Arevat&d was the turnover topper by the traded quantity and the value.
Advance/Decline ratio was positive by 2.51 : 1 as 1005 stocks gained and 400 stocks declined today on NSE.
If spot Nifty crosses 5260 level on closing basis consecutively, the downtrend will come to an end.


Delivery Recommendation : 


Finpipe at cmp with a stop at around 51(closing) for Trg 66.




Major Global Indices :


Hang seng : -57.12
Nikkei : +7.28
FTSE : +81.08
CAC : +54.35
DAX : +132.82
Dow Futures : +99.00
Nasdaq Futures : +13.50