Friday, June 15, 2012

Nifty Trend For Monday: Share Market Outlook

Large cap stocks led the market upstairs today and Nifty witnessed substantial gain on the last trading session of the week. The traders are positive on the Greek results and RBI policy announcement on Monday. The RBI rate cut anticipation which was supposed to be diminished due to may inflation data, revived again today which boosted the market up.

Nifty restored all the losses suffered yesterday and made 84.30 plus points. It closed near its day high at 5139.

On Monday , Share market is likely to remain bullish in trend. Nifty, if sustains above 5155, can extend the gains. Technically Also, Nifty is looking strong on charts, as it managed to trade and close above the 200 & 50 period moving averages.


Posted By Commodity MCX Tips