We expect the market to re-main choppy since much will depend on the fourth quarter earnings of frontline companies. Infosys reported a dip in earnings before interest, tax for the fourth quarter of 2010-11 on a sequential basis,Positive closing of US markets on Friday may provide support to the Indian market.
The 30-share Sensex slipped a tad last week to close at 19386.82 points, down 310.05 points, or 1.57%, on Friday. Broader benchmark Nifty also ended the week on a lacklustre note, closing almost unchanged at 5842.55 points Friday. The Street would be looking forward to the fourth quarter results of key companies.
NIFTY SUPPORT AND RESISTANCE LEVELS FOR TODAY :-
RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5750 & below this level the next support is seen near 5695 mark.
The 30-share Sensex slipped a tad last week to close at 19386.82 points, down 310.05 points, or 1.57%, on Friday. Broader benchmark Nifty also ended the week on a lacklustre note, closing almost unchanged at 5842.55 points Friday. The Street would be looking forward to the fourth quarter results of key companies.
NIFTY SUPPORT AND RESISTANCE LEVELS FOR TODAY :-
RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5750 & below this level the next support is seen near 5695 mark.
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