Nifty Prediction Support and Resistance for Monday

S & P CNX Nifty traded above 6040 mark today, touch high of 6083.40 and low of 6048.30, Gain 0.42% in today trading session.

Shares of Oil and gas companies moved higher after diesel price hike last night from the government. Indian Oil Corporation and BPCL moved  above10%,  ONGC gained 7.31%, NTPC  up 4.90%, GAIL rose 2.56%.

CNX Auto index declined 0.59%, Hero Motocorp shares down 2.62% and hits 52 week low position after reporting 20.41% decline in net profit for third quarter ended Dec 31, 2012. Maruti Suzuki, Amtek auto and MRF moved up on auto index.

Among Other sectoral indices CNX Bank,  Finance, FMCG and Realty moved higher while Pharma, IT and Metal declined.

Global cues are positive and provide support to Indian stock Market. US and China Economic data boosted up world market.  

Support and Resistance for Nifty
On Down side nifty may take support at 6040.00 and on upside Resistance may be at 6081.00.


Bullish Stock for Monday
BPCL, NTPC, Bank of Baroda, ICICI Bank, ITC.


Nifty Future Tips
Buy S&P CNX  Nifty future Jan 31, 2013 Target 6120.00 SL 5995.00.

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