Wednesday, September 12, 2012

Indian Share Market Trend Tomorrow - Nifty Predictions 13 September

The 30-share BSE Sensex surpassed the 18000 level quite smartly in late trade on Wednesday, for the first time since February 23, 2012. Favourable German's Constitutional Court ruling has lifted the mood of not only global markets but also commodities. The Sensex rose 147.08 points to close at 18,000.03, aided by the upmove in Tata pack, metals, FMCG, oil & gas and banks stocks.

Meanwhile, the Nifty climbed 41 points to 5,431. Inflation for August, which will be announced on Friday, will closely be watched by investors ahead of RBI policy meet on September 17. Experts feel the upcoming Reserve Bank of India policy meeting is expected to be a non-event for the market. Agam Gupta, Standard Chartered Bank doesn’t expect the central bank to cut rates.

NIFTY TRADING RANGE LEVELS 13 September

For tomorrow Nifty upside resistance level will be at 5445 & 5525 while on downward trend it will be at 5365 & 5289.

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