It was another sluggish day of trade with low participation. But there was some recovery and buying in telecom, auto and metal stocks.
Tomorrow (11-12-2009) may be the flat negetive opening for the market. If Nifty opening below 5129 and unable to hold 5129 then may test 5100.
A pullback may be appear at 5100 level and if Nifty unable to sustain above 5118 the it may hit 5065-70. Ultimate support appears is 5063.
On the upper side, if Nifty hold above 5118 then it may hit 5140. Market may take a pause at the level 5140. above its level it may hit 5166 (Chances are less). Ultimate resistance appears at 5187.
From last twodays Nifty has been rangebound between 5050 to 5190. Breaking the either level may drag the market to bearish or bullish zone.
No comments:
Post a Comment