Nifty Tips
Indian Share market witnessed an outstanding rally and all the major benchmark share Indices ended at their 10-week closing highs. The Market reacted bullishly to the monetary policy RBI's decision to minimize CRR ratio helped the market to grow rapidly today.
The Nifty of National Stock Exchange climbed up 81.10 points and closed at 5127.35 while Nifty Futures settled at 5110.45 up by 59.40 points. It would be too early to consider that the market has entered to a zone of bullish momentum. So we can not rule out the chances of a downfall as well.
The rally is likely to extend if Nifty manages to stay above 5155 mark. It has resistance close to the level of 5150 and support is seen near 5090 mark.
The Nifty of National Stock Exchange climbed up 81.10 points and closed at 5127.35 while Nifty Futures settled at 5110.45 up by 59.40 points. It would be too early to consider that the market has entered to a zone of bullish momentum. So we can not rule out the chances of a downfall as well.
The rally is likely to extend if Nifty manages to stay above 5155 mark. It has resistance close to the level of 5150 and support is seen near 5090 mark.
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