Market Commentary

Nifty expected to get strong support 5600-5540 band - Microsec



Posted On : 2013-03-24 19:36:01( TIMEZONE : IST )

Nifty expected to get strong support 5600-5540 band - Microsec

After starting with a shaky session, the NSE-50 share index, benchmark Nifty continuously fell to make a weekly low of 5631.80 on Friday. At last it ended the week with a net loss of 3.77%.

On the sectoral front, the selling pressure was almost across the board. However, Realty, Metal, PSU, Power and Capital goods stocks lead to a decline.

Now, Nifty is expected to get a strong support in 5600-5540 band in the short term.

Source : Equity Bulls

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