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Wednesday 7 September 2011

Stock Market Outlook For Tomorrow 08-Sept

It was another good day for Indian Stock Markets. Nifty showed good strength for the third consecutive day and closed above 5,100 levels with sound gains. Global events from USA may play vital role in sentiment preparation for coming trading sessions. On upside Nifty may face some resistance in 5,200-5,250 zone and on downside Nifty also has important support in 5,000-4,950 zone.

For Intraday trading tomorrow, trend deciding level is at 5,125-5,135, if Nifty shows strength above these levels, then rally to 5,170-5,200-5,240 may be seen. On the downside if Nifty fails to show strength above 5,125 levels then selling pressure till 5,080-5,040/5,000 may also be seen.

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