Kingfisher Airlines gains 1% on UB Holdings property sale reports

Kingfisher Airlines BSE 1.58 % Ltd surged over 1 per cent in a choppy trade on Wednesday after private equity giant Blackstone has made an offer to buy out the prime office and retail real estate blocks in its flagship UB City for Rs 550 crore. At 11:15 am, Kingfisher Airlines was trading 1.5 per cent higher at Rs 13.48. It has hit a low of Rs 13.40 and a high of Rs 13.69 in trade today.

Bse Sensex remains lacklustre...

The BSE Sensex started off trade on a flat note on Wednesday, tracking lacklustre trade in global peers. Investors are not ready to take big positions on either side ahead of the winter session of Parliament that will begin tomorrow. The 30-share BSE Sensex gained 19 points to 18,348.17 while the 50-share NSE Nifty rose 1.5 points to 5,573. However, the Indian rupee fell by 22 paise to 55.32 against the US dollar.

NIFTY INDEX TREND ANALYSIS.....

Nifty closed alomost unchanged at 5571.55 So today the first resistance for nifty is at 5610 level. Next resistance ranges are at 5634-40,5660levels. On downside first support is at 5534 level. Next supports are at 5500,5475 level.Nifty is currently in a negative territory but 5550 level is a support range so today if nifty is below 5534 be very alert and below 5500 sellers can strike with more strength and on up side intra resistance are at 5610 and 5640 level.