Indian Stock Market view for next week September 13 to 17, 2010

The benchmark Nifty and Sensex is expected to gain their positive momentum by this week also. Due to the strong rally by last four trading sessions, the benchmark Nifty closed above 5600 level, which is the heighest after January 2008.




The above techinal chart of Nifty also stated that it made a strong positive pattern throughout the week. For the week september 13 to 17, Nifty will gain it's momentum and will settled above 5700 easily. The support level of Nifty for this week is 5680 and 5720. The resistance level of Nifty would be 5880 and 5850.

The support level of Sensex for this week is 19020 and 19240. The resistance level of Nifty would be 18500 and 18200.

Regards,
Free Indian Stock Tips Team