Nifty Tips
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.
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