For the second consecutive day, Nifty has managed to close above the 5,400 mark which shows a positive outlook for the market. If the market goes like that, we may see Nifty could go above 5,500 before the July F&O expiry.
For the next trading week market is expected to follow bullish trend and could trade positive. It was overall a good week for the Indian markets which was able to break the nine-day trading range of the Nifty and managed to close above 5400.
The market would move under the influence of results and developments overseas. Stress test of European banks, which would be announced tonight, would influence the trade on Monday. Support for Nifty is around 5,300 levels. On the upside market can be expected to touch 5,500.
The market would move under the influence of results and developments overseas. Stress test of European banks, which would be announced tonight, would influence the trade on Monday. Support for Nifty is around 5,300 levels. On the upside market can be expected to touch 5,500.
We all know that Indian stock market has become Unstable now a days.