Tips42

Hi friends,
The Market after recent rally may head into a nervous week ahead due to result to be out on May 16.It was a volatile friday where sensex shut shop at 11876, down 240 points & Nifty at 3620,down63 points from the previous week.This week Sensex & Nifty is up 4.1%.The breadth of rally from the March 9 low has improved as more indices across the globe participated in the Market recovery.Asian Market is up 53 % where as Indian Market is up 45%.The next target for Nifty is 3710 & 3780.The market will favour bulls only if the Nifty manages to sustain above 3710.Towards downside it can go down to 3530 ,3455& even 3070 which is its 50 days moving average.thx
rajesh
11.5.09