Tuesday, January 3, 2012

Nifty View Today and Market Trend for Tomorrow

Indian market surged today and marked over 2.5% gain on index. The metal and capital goods stocks led the market to the heights and NSE's Nifty closed at 4765.30 and earned 128.55 points. Nifty futures settled at 4777.50 up by 2.78%.

The market is likely to take a another rally of 40-50 points tomorrow. After reaching 4850-4900 level market could go sluggish for a while and we can expect even some lower levels after that. Technically, resistance for nifty futures is seen around 4798 while support level for nifty is 4688. Trading above 4850 would extend the bullish trend towards 4900.


Posted By Commodity MCX Tips