Stock Market Forecast for the Week (2nd – 6th May ’11)
It was a bad week for bulls; nifty future closed below its 200 day MA level @ 5753.80 with loss of 80.35 points down by 2.54% wow basis.
For coming week be cautious because nifty future looks week on charts, its major support comes @ 5700-5640 and below this 5550 will be the major support zone for nifty future.
Nifty future resistance comes @ 5830 above this 5880 and the higher levels for nifty come @ 5950.
Posts
