Market Outlook 23.11.11
It was a day of releif for Indian Share Market. Even though last half hour bears tried to spoil the show, market managed to close in Green. Nifty was at 4812.35 up 34 points & Sensex was at 16065.42, 119.32 up. Metal, technology, auto, oil & gas and capital goods sectors supported the market. BSE Small cap index was up 0.03% and CNX Midcap index was down 0.1%Nifty fut outlook for 23.11.11
The level for Bulls for the day is 4828.90. Above this level Nifty fut may try to hit 4855.75/4881.10 and 4904.65. A close above 4887 may lead Nifty to 5050 level in coming days.
Bears may take charge below 4787.30. Below that level Nifty Fut may go down to 4763/4738.10 and 4715. A close below 4712 may take Nifty to 4655 in coming days.
Nifty Tips
1. Buy Nifty Nov Fut at 4829.10 TGT 4854/4880/4902 SL 4788.30
2. Sell Nifty Nov Fut at 4786.10 TGT 4765/4739/4716 SL 4828.90
