Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 March, 2015 16:31 IST
Nifty has immediate resistance at 5,720: CapitalVia
Source: IRIS | 05 Nov, 2012, 11.50AM
Comments  |  Post Comment

``The market is expected to be positive in the coming trading session. In the last week, Nifty bounced back smartly from strong level of 5,580 and took support from its 50 DMA and managed to close above 10 DMA which indicates the near term uptrend is intact. The Nifty gain hovers around its support mark of 5,580 and breaches it then some more selling pressure can be observed.``

“The immediate resistance is seen at the 5,720, if Nifty managed to sustain above 5,720 levels, then the rally can be seen further towards 5,800 level. On the downside, 5,580 would act as a strong support level for the markets. A breach of this level would increase pessimism and Nifty and may test 5,420 levels,” said CapitalVia Global Research, while commenting on market outlook.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Tata Teleservices wins spectrum in 800 MHz band in Mumbai & Maharashtra - 27-Mar-2015 18:12
Fortis to sell Singapore hospital to Concord Medical Services - 27-Mar-2015 16:25
Strides Arcolab launches generic drug Sofosbuvir in India - 27-Mar-2015 15:16
L&T Construction wins orders worth Rs 17.11 bn - 27-Mar-2015 10:20
Reliance Jio Infocomm bids total Rs 100.77 bn in spectrum auctions - 27-Mar-2015 10:09
RCom bids total Rs 42.99 bn in spectrum auctions - 27-Mar-2015 10:01
NTPC becomes first PSU to issue bonus debentures - 27-Mar-2015 09:53
Bharti Airtel acquires Prime Spectrum - 27-Mar-2015 09:13
MPS closes Rs 1.5 bn QIP - 26-Mar-2015 18:02
MPS closes Rs 1.5 bn QIP - 26-Mar-2015 17:33
Cadila Healthcare acquires 50% shares of Zydus BSV Pharma - 26-Mar-2015 17:16
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer