Next week is full of major domestic events, with IIP, Inflation, RBI meet and Advance Tax data being among the important ones. It would be wise to remain cautious and be stock specific.
Markets were good at all during this week, and both indices (Nifty & Sensex) was up 0.3% and 0.2% respectively. While commenting on Nifty Outlook for Monday it has strong resistance at 5,115-5,150. Any fresh buying position should be initiated above 5,072 levels for targeting 5095-5120. On the downside Nifty may find support around 5010-4970 levels.
Markets were good at all during this week, and both indices (Nifty & Sensex) was up 0.3% and 0.2% respectively. While commenting on Nifty Outlook for Monday it has strong resistance at 5,115-5,150. Any fresh buying position should be initiated above 5,072 levels for targeting 5095-5120. On the downside Nifty may find support around 5010-4970 levels.
Ref : Nifty Tips On Mobile
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