Nifty Tips
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.
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