Wednesday, July 13, 2011

Market Prediction: Nifty Intraday View for 14 July

After three consecutive negative sessions, Market on Wednesday showed a very good bounce back and with all sectors closing in green, Nifty gained a significant figure.

S&P CNX Nifty Index with gain of 1.07% scaled 59.30 points from its previous close and closed at 5585.45.

The futures derivative of the index finally settled at 5608.25 with a gain of 68.30 points (1.23 %)

Nifty is likely to remain range-bound  on Thursday as nothing in fundamentals is like which can assure a upside momentum from here. But technically if Nifty breaches 5650 level then above the same it may touch 5700-5720 levels.
Near 5560 level is residing the support level below which it may touch 5429-5400 levels.


Posted By Commodity MCX Tips