Monday, September 5, 2011

Nifty Technical Outlook: Market Trend Tomorrow

Negative global cues and selling pressure in IT stocks, stumbled nifty to red zone again and spot nifty after losing 22.20 points managed to close above 5000 mark (5017.20).
Nifty Futures settled down at 5010.30 down by 23.80 points (-047%).
Weak start by Asian market giving sign of weakness in the market again. Tomorrow if Nifty trades above 5545 mark, it may add some good points by the EOD. Below 5000, it may invite bearishness in the market.

Traders are advised to start a position accordingly only after a breach in either side.


Posted By Commodity MCX Tips