NIFTY TREND FOR TOMORROW 28 June

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Indian Share markets traded rangebound today with metal, power and IT being the biggest gainers. Banking and capital goods, too, made some gains while auto and consumer durables pulled the indices down. The Sensex closed at 16968, up 61 points from its previous close, and the Nifty shut shop at 5142, up 21 points. The CNX Midcap index was up 0.5% while the BSE Smallcap index gained 0.3% in today's trade. The market breadth was positive with advances at 787 against declines of 618 on the NSE. The top Nifty gainers were Sesa Goa, IDFC,Tata Steel and Tata Power while the biggest losers included Tata Motors, Cairn India, Kotak Mahindra Bankand ACC.

NIFTY LEVELS>>NIFTY SUPPORT AND RESISTANCE 27 June

Nifty will have resistance at 5160 if this will cross then next resistance will be at 5198.And nifty will have support at 5122 and if this will cross then next suuport will be at 5084 and pivot level at 5142.

SHARE MARKET TREND TOMORROW

Indian share market trend for tomorrow is volatile. As we depicted earlier, Nifty on 27 June traded rangebound but gave a marginal up closing of 21 points. So, for tomorrow Nifty may behave little bit choppy. Traders and investors are advised to trade with proper strategy and keep strict stop loss. We suggest wait and watch strategy ahead of Nifty Expiry tomorrow. We expect little in terms of major direction ahead of the EU summit beginning tomorrow, with sentiment unlikely to pick up.

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