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Saturday, February 18, 2012

NSE Nifty Outlook For Tuesday 21 Feb

Intraday NSE Nifty Tips Trend Range Levels|Stock Market Outlook For Tomorrow 21 February:-  The past week was also the profitable weak for Indian equities. It was seventh consecutive profit booking weak for NSE BSE. Though yesterday markets closed with moderate gains only. Gaining sectors of previous week were Auto, Reality, Power, Banking, IT, Metal. The top Nifty performers during the week were Reliance Power, Axis Bank, JP Associates and SBI.
Nifty Outlook for Tomorrow 21 Feb: Nifty maintained its upside momentum and added another 42 points to its value. The factors that may cause effect on Nifty might be unrest in Greece. In domestic markets stocks that are affected by upcoming budget could also see some action like wise mid-caps. In spot markets Nifty  has immediate resistance near 5,606, 5,650 and 5,696 levels. Movements above these levels can further provide strong momentum to  Nifty. Support for Nifty may be seen near 5,502 and 5,379 levels.

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