Live Market

Monday, May 31, 2010

Banknifty&Nifty Opening Tomorrow?

Today the nifty failed to move beyond 5100 range and during the closing it rose to the extend possible but couldn't achive it.The nifty is able to sustain above the 200DMA and 20SMA and we expect the market tomorrow opens in "GAP UP'.

All our clients are in positionally long in banknifty future.We expect the nifty will move above 5140 level will confirm the bullishness and banknifty will move upto 9380.00level.

We also need to consider the world cue's and its trend tonight for the above said opening tomorrow.


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