Nifty Tips
Friday The 13th Turned out
to be a bed day for Stock market and Indian benchmark indices could
not hold the initial gains and remained consolidated for the day.
Nifty lost more than 1.5% during the
week and closed below 5250 leve at 5227.50.
HDFC, ONGC, GAIL, TCS and BPCL were
among the few gainers in Nifty while infosys extended its losses
again and slipped 1.65% today. It is looking in oversold position
and if market supports, we can see a recovery in this stock in
next week.
Nifty On the other hand is likely to
remain in a range of 5200-5400. Crucial upside level for Monday will
be 5255, a consistent trading above which may lead the market to
close in green.
5100 is crucial support level below
which a free fall is expected.
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