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Friday, 29 July 2011

Markets Outlook For Monday 01-Aug

With the beginning of new derivative contract, Nifty is likely to consolidate in coming trading sessions. Nifty may follow the weak to subdued cues from the global markets till Aug- 2nd till the talks are over in US. The short term trend for Nifty is expected to be bearish.

Nifty could find immediate supports at 5,450 - 5415 levels and the resistance at 5,540 -5,575 levels. Nifty is expected to consolidate between 5,400-5,600 levels.

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