Stock Market Forecast for week (1st – 5th August ’11)
On the back of hike in key interest rates by 50 basis points last week Indian market loose the direction and fell more than 2.5%, closed below 5500 mark @ 5490.55.
Investors fear can see in the market in coming days too. Nifty future having support zone @ 5440 levels if it crossed this level than it can move towards 5370-5300.
Nifty future having major resistance @ 5725 levels but immediate resistance comes @ 5550 above this level 5620-5680 will act as a key resistance in coming days.
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