Wednesday, October 12, 2011

Market Position for Thursday 12 October 2011

As we anticipated yesterday, Nifty witnessed a significant gain on the back of the positive results of infosys. Spot nifty gained 125.05 points and closed near 5100 (5099.40) whereas Nifty Futures closed at 5114.85 up by 132.40 points. The market for tomorrow is likely to remain positive as per the technical indications. The major resistance for Nifty futures is seen near 5190 which if breaks, Nifty may touch 5255-5300 level in coming trading sessions. 5070 will act as crucial support and a trade below this level would trigger negative run in the market. 


    Posted By Commodity MCX Tips