MIDSESSION
SUBDUED
Nifty
8337 - 1
Nifty
traded in zigzag manner and closed flat for the day and also
for the week. Nifty appears to be in “Pause” mode preparing for
the next move. Short term trend continues to remain positive
and stoploss may be raised to 8275 (on close basis).
Nifty spot is expected to encounter resistance at 8370,, 8410 and
find support at 8300, 8260 for Monday. While Global cues and
Funds flow are expected to broadly guide the market movement,
based on the present market position, market can be expected to be
subdued in midsession and recover towards close.
No comments:
Post a Comment