Newsletter for 23 May, 2013
Pre market levels for nifty spot:
Today nifty index has a stiff resistance at 6112. Once if it manages to cross 6112, it might reach 6129 and 6143 too. Above those levels, bulls may take nifty to 6158 and even 6174 levels.
On the other side, below 6079 level, nifty may be dragged down to 6061 by bears. More action can be seen only below 6045. Once if nifty manages to cut 6045 it may touch 6030. Final support for bulls acting at 6016 level.
Sectors looking bullish
1. Oil&gas
2. Pharma
3. CD
Sectors looking bearish
1. Auto
2. Bankex
3. Metal