Thursday, June 28, 2012

Nifty Trend For Tomorrow

The market as expected remained consolidated today and a choppy rangebound session closed with moderate gains. Nifty went up marginally to close at 5149 and earned 7.25 points. Basically the market remained cautious ahead of Eurpean Union Summit. Howvere the June series rallied 4% as compared to prvious contract.
The market for tommorrow will be depending upon the EU summit results and cues. This summit will be working on fiscal, financial and political union and may agree a package of growth-boosting measures.
On technical charts, crucial support is again seen near 5096 level while above the level of 5209, Nifty can see some good upside.


Posted By Commodity MCX Tips