Wednesday, July 4, 2012

Nifty Trend For Today: Technical Outlook

Nifty extended the sluggish trend on Tuesday also closed flat at 5149.50 after a marginal gain of 7.25 points. Today. Indian markets started off the day in a quite note with positive bias. Nifty is likely to persist the positive trend seen in this early morning. However US markets closed with moderate gains and Asian markets have witnessed a flat opening Today, But Nifty is likely to remain resilient to the Global cues and would focus more on domestic development to decide the trend.

 Technically , 5322 is the level above which market may go further till 5350-5370 but a consistent trade above the same is required to sustain the trend. Below 5248, Nifty may witness a free fall.


Posted By Commodity MCX Tips