Nifty Market Watch: September 5th, 2013
Positive opening is expected by Nifty Futures: By 110-115 points in range of 5550-5555. Nifty seems to be trading sideways
NiftyFutures seems that Nifty is trading sideways from last couple of sessions in wide range of 5300 to 5600. Any closing below or above these levels will bring 100-200 points move on that side.
>> Support for Nifty is at 5500 and 5450
>> Resistance for Nifty is at 5570 and 5610
BankNifty Futures is trading in a sideways range with more downside momentum as 90% of the stocks of the index are trading near 52-weeks lows.
>> Support for Bank Nifty is at 9050 and 8900
>> Resistance for Bank Nifty is at 9300 and 9500
Stocks to watch for today are:
>> Apollo Hospital
>> Tata Motors
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