Friday, July 13, 2012

Nifty Trend Tomorrwo |Market closed at Negative End

Stock Market Outlook :- Stock Market traded at lower end today as both market indices closed at flat note red zone.After opening with a positive gap, the equity benchmarks were unable to make much headway and surrendered all the gains in the mid afternoon.Even a positive trend across Asian and European markets failed to lift the sentiment of the indian stock market.Only TCS and HDFC bank were able to make profit tarding today due to having gud results.For next move stock market put keep eyes on IIP data which si going to announce on Monday 16 July,which will decide the Reserve Bank of India's move on July 31.

Nifty Trend tomorrow 16 July :- Nifty is expecting to have support around 5220 to 5172 and resistance around 5268 to 5316 with pivot level of 5248.