Stock Market Forecast for the Week (16th – 20th May ’11)

With the end of this week nifty fell more than 600 points in these 15days of the month and closed @ 5558.90.

Nifty future was not able to maintain itself above 5620 level. For the next week if it maintains above this level then it could go for 5690-5750 levels.

Support for nifty future comes @ 5440 level and if breach this level then it can go for 5390-5350 levels.