Saturday, September 17, 2011

Nifty Outlook for Comign Week

Market was ranging between 4900-5150 last week and close at 5087 levels with moderate gain of 34.5 points up by 0.68% wow basis. As expected RBI hiked repo rate by 0.25 basis points @ 8.25%, reverse repo rate adjusted to 7.25% and CRR kept unchanged.

For the coming week Nifty is facing resistance at 5180 levels and above this 5250-5300 will be the next levels for market.

Support comes in the range of 5000 levels and below this 4950 and 4880 will be the lower levels for market.


Posted By Commodity MCX Tips