NIFTY OUTLOOK FOR 31 & REVIEW

SECOND HALF BETTER 
 
Nifty                               8248    +2
 
Nifty traded in a narrow range with bearish bias for most part of the day and recovered sharply towards close of the day to close flat for the day recouping the intraday losses. Nifty needs to close above 8285 to get out of the present narrow movement and become bullish.  Nifty spot is expected to encounter resistance at 8290,, 8325 and find support at 8210, 8175 for Wednesday.   While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market  is expected to witness volatile movements in the forenoon and it could recover / remain generally better in Second half of the day.

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