Friday, July 23, 2010

Live Share Market Update

US and European stocks were ended with smart gain overnight as investors interest heightened on unexpected positive reading in the Eurostat Index and less than expected decline in existing home sales in US. Asian stocks too trading firm in the morning as mirroring the positive global cues.
NSE Nifty is expected to a positive opening around the critical level of 5476 and may move towards the first resistance level of 5504. Major support for the Nifty is at 5438. However, upperside resistance comes at 5530.

No comments: