After huge swing on
last Friday today market continued its uptrend. Today nifty crossed the
level of 7000.. sensex also attained the record closing high of 23,000 points..market opened at 6911 made a high of 7052 and low of
6911 and closed at the level of 7043..total 141 points throughout the day. The
counting of votes will take place on Friday, 16 May 2014, and the results are
expected on the same day. The term of the current Lok Sabha expires on 1 June
and the new House has to be constituted by 31 May.
For tomorrow we are expecting uptrend will
be continued. market will try to touch the level 7060-7080.. And if there will be any downfall
then the level of 7000 will be proved as a very good supporting level. But till
the Friday market will follow the uptrend due to election results..
In bank nifty also there is a huge
movement. Today bank nifty started with 13838.made a high of 14260 and low of
13900 and closed at the level of 14181..total 360 points throughout the day. And
for tomorrow bank nifty will try to touch the level of 14190-15030.. And if any
downfall then 14000 will be proved as good supporting level.
RESISTANCE: 7050, 7070, 7090
SUPPORT:
7030, 7010, 6090
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