Market Trend – May 14th 2014

Advertisement

CNX Nifty – CMP – 7108
Synopsis
Yesterday, Nifty opened on a positive note & witness buying surge once again leading the Index to close at record highs of 7108, up by 1.5%.
Till Index holds 7050, it will move upto 7150-7170.
If breaks & sustains below 7050, can fall upto 6980-6890 zone.
Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 7000-7190
Bank Nifty – CMP – 14,165

Synopsis
Yesterday, Bank Nifty opened on a positive note & maintained a positive momentum to close at record highs of 14,165, up by 0.5%.
Till Index holds 14,000, it will move upto 14,400-14,450.
If breaks & sustains below 14,000, can fall upto 13,600 zone.
Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 13,900-14,500.

Related Articles:

StriveBlue Home|Poompugar Shoppings