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Monday 22 August 2011

Nifty Intraday Outlook For Tomorrow 23-Aug

It was good start for Indian Stock Market. Market witnessed a positive momentum and closed in green with smart gain. However market sentiments still remains bearish and could go for either side. Domestic issues of high inflation, lack of corporate governance and loss in confidence for Govt. due to Anna Hazare`s campaign continues to affect the stock market.

For intraday tomorrow Nifty could find immediate support at  4846 and below this could drag it till 4800. Resistance level for Nifty Tomorrow may be seen at 4941-4975 and if Nifty trades above on closing note then 5050 may act as strong resistance for Nifty

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