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Saturday, March 24, 2012

NSE Nifty Trend>Stock Market Calls For 26 March

NSE Nifty Outlook – Trend Range Levels|Bank Nifty Tips For Tomorrow 26 March:-Indian equities closed with moderate declines this week with metal, power and oil & gas losses the most. Healthcare and IT closed positive. The Sensex was down 0.7% while the Nifty lost 0.8% during the week. The Sensex ended at 17362, up 165 points and the Nifty closed at 5278, up 50 points. The top Nifty gainers were JP Associates, Ambuja Cements, Hero MotoCorp and Bharti Airtel.

NSE Nifty Tips & Trend For Monday : The Nifty is expected to trade in the range of 5160-5400 in the coming week. Selling pressure could increased if the Nifty moves below the mark of 5160 and may get dragged towards the levels of 5000. On the upper side 5400 could act as immediate resistance.

Bank Nifty Tips: With high volatility the banking index is likely to trade in the range of 10000-10600 . The level near 10000 is expected to provide immediate support to the banking index. It is likely to see selling pressure on every rise. A movement towards the level of 10000 could move it towards 9820 levels.

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