25 October 2012

MARKET WRAP

Indian shares rose marginally with the Nifty closing above the 5700 level on Thursday a settlement day for the futures and options contracts of October series. Overall the series has seen a consolidation with the Nifty moved in a range of 5600-5750 especially after hitting the 5800 level....
The current range is so well defended by the bulls and the bears that unless a clear directional move happens on either side with large volume based activity  further trend cannot be decided . The Nifty was at 5,708.34, up 16.95 points. The index touched a high of 5,712 and a low of 5,685 in trade today. 

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