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Market Report

Tuesday, 28-Sept-2010

NSE

  • A last hour surge in the market saw the indices close flat after a session that was soft and volatile. Sell-off was seen in banks and IT but power and capital goods showed strength. Sensex shut shop at 20104, down 12 points and Nifty at 6029, down 6 points from the previous close.

  • We expect volatility to continue in the coming weeks and the next target on the Nifty is 6150-6200 with support at 5930-5940, says Ketan Karkhanis of ICICI Securities on NDTV Profit.

  • The Nifty has resistances at 6150 and then 6300 and support at 5925 and then 5800, says Somil Mehta of Sharekhan on NDTV Profit. He sees the next target on the Nifty at 6350.

  • The bullish run is likely to continue and we are seeing a target of 25000 on the Sensex and 6500 on the Nifty by March 2011, says Dharmesh Pancholi, investment advisor, on Zee Business. We expect the market to test all-time highs by Diwali or December this year though there could be some small correction in between, he adds.

NIFTY 3-Month