23.05.2011
Indian equities gained on Tuesday in a weak bounce, after skidding to a two-month low in Monday's trade. However, trading continued to be choppy as buyers lacked confidence about the global economy, uncertainty for foreign fund flows amid fresh concerns of euro zone debt.
The Sensex closed shop at 18011.97, up 18.64 points or 0.10% and the Nifty ended at 5398.70, higher by 12.15 points or 0.23%.
So, will the market pull itself ?
A fall below 5,400 levels on the 50-scrip broad based index is doubtful as the market may see mild recovery in the near-term. In fact, going forward, the nifty may claw back to 5,450 levels.
On the nifty, one needs to watch out the broad range of 5,100-5,600 levels; a fall below 5,100 would push the index to 4,700-4,780 mark.
Market is still unpredictable, we do no have strong pillars to be happy. Market is suppose to show some deep dips.
Indian equities gained on Tuesday in a weak bounce, after skidding to a two-month low in Monday's trade. However, trading continued to be choppy as buyers lacked confidence about the global economy, uncertainty for foreign fund flows amid fresh concerns of euro zone debt.
The Sensex closed shop at 18011.97, up 18.64 points or 0.10% and the Nifty ended at 5398.70, higher by 12.15 points or 0.23%.
So, will the market pull itself ?
A fall below 5,400 levels on the 50-scrip broad based index is doubtful as the market may see mild recovery in the near-term. In fact, going forward, the nifty may claw back to 5,450 levels.
On the nifty, one needs to watch out the broad range of 5,100-5,600 levels; a fall below 5,100 would push the index to 4,700-4,780 mark.
Market is still unpredictable, we do no have strong pillars to be happy. Market is suppose to show some deep dips.
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