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Weekly Market View

This Week Expected Some Bullish Trend 

NIFTY (7655)
For next week nifty has strong support around 7590-7540 level, break with volume will take it to 7480---7445 level. On the upper side it has strong hurdle at 7720 level, cross over with volume will take it to 7815 levels. As per our view market is now at its bottom. Investors whose horizon is for long term can start buying from this level. Nifty can give handsome returns in medium to long term from here. In this uncertain market investors can accumulate CAPRIHANS INDIA (509486) (73), ITL INDUSTRIES (522813) (37) & TANFAC INDUSTRIES (506854) (39)
 
BANK NIFTY (16129)
For next week BANK NIFTY has strong support around 15800 level, break with volume will take it to 15615 level. On the upper side it has strong hurdle at 16335 level, cross over with volume will take it to 16625 levels.

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