Tuesday, May 15, 2012

Market Forecast for Tomorrow: 16 may 2012

As we predicted, the market broke the five-day losing streak and  touched the green level today to make a substantial gain on index. Nifty could able to touch 4950 level and finally closed near it at 4942.80.  Market is likely to continue this positive trend  if Nifty prevails the level of 4950. we can expect the NSE index to touch 5000 soon above this level. While trading below 4900 may cause a downside in the market again.

Nifty Future Tips for Tomorrow-

Buy Nifty Futures above 4968 for the targets of 4982-4996-5010 Stoploss- 4928


Posted By Commodity MCX Tips