Saturday, March 10, 2012

Market Outlook and Nifty Trend for Coming week

Indian markets showed strong opening after the holiday of Holi festival. A substantial gap up opening was seen in yesterday's trade which maintained till end of the session and market witnessed substantial rally on last trading day of the week. This rally wiped out most of the losses of the week.

Global cues from china and US supported the market sentiments and investors showed up their interest enthusiastically. NSE's Nifty gained 113.10 points and closed at 5333.55 and the index derivative of NSE (Nifty futures) closed at 5371 up by 2.14%.

Technically Market is looking positive and if Nifty futures manages to sustain above 5400 then for the coming week we can expect market to reach up to 5500-5575 level.  Level of 5370-5300 are acting as stiff support for downside.


Posted By Commodity MCX Tips