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Weekly Market Outlook

Expected Some Downward Trend In Coming Week

 BSE Index (25610.21) :- After coming down to bottom of 24833.54, the index is witnessing rebounding effect. It shows neutral position on daily basis, while oversold position on weekly and monthly basis. On upward movement, beyond 25903 it may go up to 26010, 26240 and 26700. On downward movement, below 25530 the level of 25287 shows weak trend.

 Nifty Future (7789.35) :- From bottom of 7558.10, it shows rebounding spurt. It shows overbought position on daily basis, while oversold on weekly and monthly basis. On upward movement, beyond 7840 it may witnessing important resisting level at 7889 and if it crosses the same it could go up to 7905,

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