Friday, October 7, 2011

Nifty Updates: Market Position for Monday

The Market surged almost 3% on the back of strong positive news from overseas. Spot Nifty gained 2.88% and closed at 4888.05 up by 136.75 points. Nifty futures added 126.60 points and settled near 4900 mark (4893). Nifty is still not looking very positive for coming trading session and we can expect a downside on Monday if it trades below 4870 while above 4930 it may extend its bull run till 4970-5000 and even more. The near term resistance is seen near 4930-40 and major stiff resistance is 5070 while support for downside is 4870-4720.


    Posted By Commodity MCX Tips