MIDSESSION
SUBDUED
Nifty
8225 +66
Nifty
opened better with a gap following global cues and traded generally
better but closed at the lower end of the day suggesting profit
booking at higher levels. With decent rise for Two days, Short term
bearish trend appears to have reversed but would be confirmed on
another positive close. Nifty spot is expected to encounter
resistance at 8265,, 8300 and find support at 8185, 8150 for
Monday. While Global cues and Funds flow
are expected to broadly guide the market movement, based on the
present market position, market is expected to be generally
subdued after the opening session and closing hour is sensitive.
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