Friday, May 18, 2012

Nifty Today and Market Trend For Coming Week

The market recovered during late trade on the back of the SBI result showing excllent performance in its fourth quarter along with the rupee recovery.

The market gained significantly after making a low of 4789 and recovered more than 100 points after touching the low. The last hour trade helped nifty To close in green Zone. Nifty Closed at 4891 adding 21 points to its previous close.

Nifty Futures gained 52 points and closed at 4920 mark. As we predicted earlier, it is required for the market to remain consistently above 4930-50 level to prevail the postiveness.

For the next week 5000-5050 on upside and 4730 on the downside would act as direction deciders of the market.


Posted By Commodity MCX Tips