Wednesday, October 19, 2011

Market Outlook of 18th October

The Indian Stock market swung back to gains in the middle of the week. The 30 stock sensex once again moved to the 17,000 mark by gaining 2.01% or 337.05 points and the 50 stock Nifty rose by 101.65 points to close at 5139.15. Auto and banking sector helped the market to rally.

The Indian market is technically strong but due to global cues we are facing some resistance in the growth. The gains were led by Hero Motorcop, L&T, DLF and others. For tommorrow the expected level of nifty is 5190 on the upside and 5077 on the downside.

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