Stock Market Trend – 29-05-2014 …

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CNX Nifty

Synopsis

• Yesterday, Nifty opened on a negative note, selling pressure was witnessed on rises & closed 0.6% in the red.
• Till Index does not cross 7350-7360, it will further correct upto 7,240-7,260.
• If crosses & sustains above 7360, can move upto 7,460-7,500 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 7,240-7,360.

Bank Nifty Spot

Synopsis

• Yesterday, Bank Nifty opened on a negative note, selling pressure was witnessed on rises & closed 0.8% in the red.
• Till Index does not cross 15250-15280, it will further correct upto 14800-14,760.
• If crosses & sustains above 15280, can move upto 15,460-15,600 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 14800-15400

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