Nifty at 35 months' high, hit 6200 mark and Sensex near 21000.

All round buying seen in market and market soared to indicate to touch its new highs. Nifty hit 6201.45 but closed at 6189.35, jumped 2.37% or 143.5 points; a high of 35 months, first time after 11 Nov 2010. Sensex zoomed 467.38 points to close at 20882.89. All the CNX sectoral indices closed into positive. Banknifty was the highest gainer by 3.95% rise followed by CNX Finance(3.54%), Metal(3.34%) amd Realty(3.04%).
In Nifty50 stocks, Bajaj-Auto was the only loser by 0.02%, closed at 2152.95 and Indusindbk gained the most by 6.39% to close at 414. Advance/Decline ratio was positive at 1.66 : 1 as 727 stocks gained and 437 stocks declined today on NSE.

Nifty Outlook :

Nifty gained 93.15 points wow basis. Technically, spot Nifty has a resistance around 6220-6230 in the coming week and if sustains above, may touch 6370 in coming weeks but its too bold to state as Federal Bank meeting, RBI policy and Oct month contract expiry will be laid down on 30th and 31st. Consider 6030-6020 is the strong closing basis support level to hold long in Nifty.
Important Resistance : 6230 / 6370
Important Support : 6120 / 6030