Sunday, April 17, 2011

Nifty 18.4.11 to 21.4.11


The Nifty is on a weak foot but as the week gone by was truncated, the trend remains inconclusive. A short term bullish trend will be there if the Nifty manages to stay above the 5880 levels in the first few hours of opening trade on Monday. If it stays above 5925 with good volumes fresh buying may emerge leading Nifty to scale new 52 week high. Otherwise the market may drift downwards. 5720 should act as a support.

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