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Tuesday, 29 October 2013

Today Nifty close down to support,tomorrow Nifty tips for Resistance Support.

Today Indian stock market declined ahead of RBI policy on Tuesday in which RBI may increas Repo Rate by 25bps, market was trading in a fixed channel from early trading but the over all market trend was bearish from opening after mid of day bears gets more strength and market breached the support of channel and close near to days low.

The 50-share index ended at 6,101.10, down 43.80 points or 0.71 per cent. The index touched a high of 6,168.75 and a low of 6,094.10 in trade today.

The S&P BSE Sensex closed at 20,570.28, down 113.24 points or 0.55 per cent. It touched a high of 20,771.36 and an intraday low of 20,550.64 in trade today.

ITC (3.63 per cent), Sesa Sterlite (3.26 per cent), Tata SteelBSE -2.94 % (2.94 per cent), SBI (2.41 per cent) and Hindalco (1.97 per cent), were among the top index losers.

L&T (up 1.89 per cent), HDFC (up 1.35 per cent), ONGC (up 1.02 per cent), Reliance IndustriesBSE 0.49 % (up 0.49 per cent) and Wipro (up 0.42per cent) were among the top gainers.

Tomorrow Nifty Support & Resistance- 
Support 6055.0 and Resistance 6130.0 Trend- Tuesday trend is bearish.

best calls for tomorrow


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