Indian Share markets closed with significant declines this week with all sectoral indices closing negative. The Sensex was down 1.6% and Nifty also lost 1.6% over the week. The markets opened on a strong note today and the Sensex rallied by more than 100 points in the morning trade itself. However, it lost momentum in the afternoon trade and the Sensex closed nearly 19 points down at 17,213.70.
Share Market Trend For Monday 16 July 2012-
Share market trend for Monday is considered to be mixed but uptrend. Following the Asian and global cues in the market Nifty may behave well but edgy due to market rumors.
Nifty Trend, Levels, Range for Monday 16 July-
If we talk about Nifty trend then Nifty is expecting to have support around 5220 to 5172 and resistance around 5268 to 5316 with pivot level of 5248.
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