Thursday, September 22, 2011

Market View: Nifty Tomorrow Trend

Black Thursday for Indian markets when Major benchmark indices slaughtered and lost more than 4%. It was the biggest fall after October '08. Economic concern of US and Fed's Negative prediction on US economy enticed FII's selling and market had to suffer deep downfall on the index. Spot Nifty Lost 209.60 Points and Closed at 4923.65. Nifty Futures stopped at 4908 down by 233 points. The panic may continue for coming trading session too and Nifty likely to touch 4820 mark if trades below 4889. 
But a short covering recovery could be possible above 4955 level which can push the market up to 4980-5000 mark but major upside is sen only above 5150.


Posted By Commodity MCX Tips