Market view for next week Sep 20 to 24

As we mentioned in our last week view (http://www.freeindianstocktips.com/2010/09/indian-stock-market-view-for-next-week.html), Sensex and Nifty gained further from their last week closing.

The Benchmark Nifty up by 56 points and closed at 5885 on Friday which was the last trading day of the previous week. Sensex up by 177 points and closed at 19595 points.



In the above technical chart, it clearly says that the markets are in positive node. But, it must break through the 5900 level to see the 2008 peak levels.

For next week market view, Nifty will be hover around 5900 level. The support level of Nifty for next week would be 5830 and 5780. The Resistance level would be 5920 and 5960. Traders should be very cautious by next week, since markets will see more oscillations by next week.

Regards,
Free Indian Stock Tips Team