GEPL Technical view on Nifty – 28th Sept.2010


Today Nifty has closed at 6035 with a gain of 17points.  We at GEPL are in a view that market is facing major resistance in the area of 6050-6075. On the downward side major support in short term for Nifty is placed at 5900-5920. Break below 5900 can drag down Nifty up to the range of 5800-5810. Regarding Sector specific in our view BSE Metal and BSE CG is still going to out perform the broader indices while BSE Health Care and FMCG will under perform the broader market.

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