Saturday, October 15, 2011

Nifty Tips: Market Trend For Coming Week

It was a very good week for Indian market as Indian equities managed to recover and gain significantly. Nifty and Sensex both gained more than 5% during the week. Spot Nifty could able to close above 5100 mark and ended up at 5132.30. Nifty futures settled at 5141.50. for Next week the nearest resistance is seems to operate at 5190 above which Nifty can touch 5250 and even 5300 level later. 5300 will act as crucial level which if nifty ables to breach through, Nifty will see a good upside momentum towards 5400. On the downside 5000 will act as major support.

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Posted By Commodity MCX Tips