Friday, September 6, 2013

Nifty closed at 6 week high. US$ slipped to 65.

Correction in US$ against INR and decisions by Mr.Governor convinced investors to hold the integrity with the Indian economy. 
Today, Nifty rallied 87.45 points to close at 5680.40 . Nifty gained almost 361 points or 3.81% in a week Sensex gained 290.3 points and closed at 19270.06. US$ slipped to 65 from it's high of 68.6.
Among NSE Sectoral Indices, CNX Infra gained the most by 3.06% whereas CNX Media was top loser by 0.69%.
In Nifty50 stocks, ICICI bank was the top gainer by 7.64% and closed at 962. Bankbaroda sheded the most by 2.7% and closed at 489. JPAssociat was the turnover topper by the quantity traded and ICICI Bank by the traded value.

Nifty Outlook :

As published earlier, Nifty took support around 5330 and bounced back from 5318. Now today, Nifty has crossed its major resistance level of 5600. Now next resistance will be at around 5800 level.
Immediate Support : 5610
Immediate Resistance : 5770

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