Market Views For Next Trading Week (19th-24th, July'10)
Nifty again breached the level of 5,400 and closed near to it. This is a positive sign and now it may try to test 5,440 levels and if it can sustain this level then we may see a breakout which can take Nifty further up above 5500 plus levels. If that is the case, then stocks like Axis Bank, LT, TCS, HDFC, which are looking strong, can be the boosters for Nifty.
The markets had opened on a flat to positive note in the morning tracking global peers and moved into green but came down in the later part of the morning session. In the second part of the day we saw buying interest which took the Nifty above 5,400 levels but closed for the day in green near to the high.
Nifty would have a support at 5,327 and resistance at 5,398 and BSE Sensex has support at 17,765 and resistance at 17,982.
The markets had opened on a flat to positive note in the morning tracking global peers and moved into green but came down in the later part of the morning session. In the second part of the day we saw buying interest which took the Nifty above 5,400 levels but closed for the day in green near to the high.
Nifty would have a support at 5,327 and resistance at 5,398 and BSE Sensex has support at 17,765 and resistance at 17,982.
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