Monday, October 10, 2011

Market Trend For Tomorrow: Nifty Levels

Extending the bullish run seen on Friday, the Indian equity market achieved a robust gain today and advanced almost 2%. The rally was seen in almost all sectors and led by IT stocks mainly. Spot Nifty added 91.55 more points and closed at 4979.60 and its future derivative settled at 4995 up by 1.97%. (96.40 points)

Now technically Nifty is looking bullish above the resistance level of 5070 but for Intraday, If it manages to stay above 5017 level, it will go up to 5055-5070. On the downside 4909 may bring weakness in the market.

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Posted By Commodity MCX Tips