Market Outlook for 19th September, 2013

Nifty Future:

Huge Gapup opening expected after FED decision of deferring QE tapering.

For today’s trade, Nifty could resist around 6120 and crossover of 6142, it could advance further to 6220.  On downside, its likely to take support around 5965.

Stock Future:

TCS looking weak in chart and will continue to underperform till the end of this settlement and surprisingly INFY was rotating within Value area of previous day in Market Profile Chart showing the interest of Bulls in the stock.

Today, in financials and metal space..  Can bank, HDFC Bank and Tata steel could do well on upside.

Good Luck !!!