NIFTY THIS WEEK [05/04/10 – 09/04/10]
This week nifty closed higher than the previous week. Through out the week nifty traded in the 5300 – 5400 range. This week nifty’s open and low is almost same. In addition it had not traded in the previous week trading range through out the week. Thursday nifty had traded in red. May be due to profit booking I feel so. However, it had managed to close above 5301 level. In my understanding, there is a good demand around 5301 levels. In my perspective, nifty may see new highs going forward. To my knowledge, nifty this week had not only elevated from the previous trading range, but also sustained to trade in the new trading range.
Thanks for visiting!