Friday, July 27, 2012

S&P CNX Nifty for the week 30 July 2012 to 3 August 2012

The outlook on the market for next week is bearish and the market may test the support of 4991 if it trades below 5077.  However those trading on the short side may put their stop loss at around 5158 levels. On the flip side if the resistance of 5158 is overcome with good volumes then the Nifty may go up to 5227 levels.

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