NIFTY OUTLOOK FOR 11 & REVIEW

MIDSESSION SUBDUED

Nifty                               7569     -80 

Nifty continued its fall for the Third day as it opened lower due to global cues and generally traded in a narrow range to close with a loss of more than 1% and it led to weekly negative close also. It closed below 7600 mark also. Unless Nifty closes above 7750 mark, short term bullishness would not return. Nifty spot is expected to encounter resistance at 7610, 7650 and find support at 7530, 7500 for Monday.  While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  face volatile movements with subdued midsession.