Nifty closed at 5650, first time after Nov.26

A volatile session ended slightly with pessimism as Nifty failed to cross and close above 5700 mark.
Nifty closed 5651.35, 7 points below previous close. Sensex lost 57.27 points to settle at 18735.6.
In Nifty50 stocks, IDFC was the top gainer by 6.19 %, closed at 145 whereas DLF was the top loser by 3.17% and closed at 231.85. Unitech was the turnover topper by the quantity traded and HDFCBank by the value traded today on NSE.

Nifty Outlook : 
Nifty Fut. has broken its' all major technical supports like 5755 and 5690. Now it is in bearish hands for longer term viewing 5380-5140 levels but any bounce back upto 5770 to 5840 levels will give opportunity to exit long if any. In coming weeks, expiry of March 2013 contracts and a result session thereafter will be the interesting factors which may influence the market. Also political uncertainty may become a cause of worry for investors.
Immediate Support : 5650/5620/5550
Immediate Resistance : 5720/5770/5840

Nifty in bullish mode

8th March, 2013 

Market continued its upward journey for the forth day. Nifty ended at 5945.7 after gaining 82.4 points and Sensex gained 252.32 points to end at 19665.86.
In Nifty50 stocks, Jindalstel gained the most by 5.7% to end at 367.15 whereas Maruti was the top loser by 1.29% which ended at 1430.6.

Nifty Outlook : 

As Nifty (Mar.Fut.) has given a breakout above 5892 and ended at 5965.85. Thus, the short term positional trend became bullish and can lead to make a new high in coming months.Immediate levels to watch are 5980  and 6140 to sustain above. The downside is protected to 5690 as a weekly closing.