Saturday, March 17, 2012

NIFTY FOR MONDAY 19 March 2012

The markets closed flat this week with realty, IT and oil & gas being the biggest losers. The Sensex was up 0.08% while the Nifty gained 0.05% during the week. The CNX Midcap index was down 0.4%, BSE Smallcap lost 0.4% and the Bank Nifty closed with 0.5% loss over the week. The BSE Auto was up 1.4%, BSE Power lost 0.4% and BSE Metal closed with 0.6% gain. The BSE IT was down 0.9% while BSE OilGas lost 0.8% over the week. The top Nifty gainers during the week were GAIL, Hindalco and ITC while the biggest losers included Cairn India, DLF and ONGC.

NIFTY TECHNICAL LEVELS

Nifty has resistance level at 5434 to the 5586 and support at 5282 to the 5130 and have pivot level at 5382.

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