Share Market Weekly Outlook
Indian share markets closed with substantial losses this week and all sectoral indices along with both benchmark indices closed negative. The Sensex was down 1.4% and Nifty lost 1.6% over the week. The CNX Midcap index was down 2% while the Bank Nifty also closed with 2% loss. The BSE Healthcare lost 1.3%, BSE Capital Goodswas down 3% while BSE OilGas closed with 2.2% loss over the week. The BSE Consumer Durables lost 2.7%,BSE Realty down 1% and BSE Metal closed with 1.1% loss over the week. The top Nifty gainers during the week were Tata Power, Hindalco, Ambuja Cements and Coal India while the biggest loser was Tata Motors.
NIFTY LEVELS FOR MONDAY 4 June 2012
Support1 = 4783
Resistance1 = 4882
Support2 = 4749
Resistance2 = 4947
Support3 = 4684
Resistance3 = 4981
BANK NIFTY LEVELS FOR MONDAY 4 June 2012
Support1 = 9114
Resistance1 = 9364
Support2 = 9028
Resistance2 = 9528
Support3 = 8864
Resistance3 = 9614
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