Sunday, May 13, 2012

S&P CNX Nifty for the week 14 May 2012 to 18 May 2012

As envisaged in earlier posts, the market tanked to sub 4950 levels. A bounce is expected in the week as the market is in oversold territory. However, it will continue to be weak unless it trades above the 5180 mark conclusively with good volumes. Bargain hunting is advised in key stocks.

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