Sensex recorded a new high.Closed at highest ever level along with Nifty 6307.2

Sensex hit a new high of 21293.88 and closed at 21196.81 gaining 32.29 points where as spot Nifty closed at record high at 6307.2 but failed to cross it's previous high of 6357.1 made on 8th Jan 2008. Today, Nifty gained just 8.05 points after touching 6332.6. 
Among CNX sectoral indices, CNX PSU Bank index gained the most by 4.57% whereas CNX FMCG was the top loser by 1.26%
In Nifty50 stocks, IDFC gained the most by 6.48% and closed at 112.6. Top loser was Powergrid which lost 3.41% and ended at 97.85.
Advance/Decline ratio was positive by 2.06 : 1 as 604 stocks gained and 292 stocks declined today on NSE.

Nifty Outlook :

Foreign investors bought Indian shares worth 18.75 billion rupees on Thursday, their biggest single day purchase since May 21, remaining net buyers for a 20th consecutive session, bringing their total buying to nearly 181.92 billion rupees during that period.

Nifty November series has maintained the premium of nearly 50 points. Technically speaking, spot Nifty should hold 6340 level for consecutive 2-3 sessions for more bull run. But an opportunity rises if Nifty corrects to 6150 level thereafter. Avoid short selling but buy in dips considering 6110 as a closing stop.

Important Support : 6280

Importance Resistance : 6370

Special session on Sunday, 3rd Nov. from 1815 to 1930 hours in Equity and from 1800 to 2000 hours for MCX & NCDEX.