Monday, May 21, 2012

Share Market Outlook: Nifty Tomorrow

Today The Indian markets ended flat in a choppy session The strong opening witnessed by market could not avoid the negative global cues and market fall sharply in late trade due to sharp fall in Rupee.

The blue chip giants like Relaince industries and SBI helped market to survive in green zone and NSE niftt closed marginally higher.

NSE Nifty Closed at 4906 and Nify futures settled near 4904 after making trivial gains.

Nifty seems to be yearning for a pull back after losing significantly. So a pull back rally is expected from the market. Tomorrow, If global cues favors, technically nifty may take a leap to put on some gain.

Technicaly , Nifty is having crucial resitance of 4930-4960. On the donwside, 4878-4840 are crucial support levels.


Posted By Commodity MCX Tips