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.
 

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Posted By Commodity MCX Tips