Monday, May 28, 2012
Indian Share Market Trend & Tips For Tommorow
Indian Share Market Trend : Indian Share Market settled on a cheery note. It had a gap up opening on favorable global cues. After a positive opening, Nifty inched up on across the board buying. Nifty continued to gain as the session progressed. Afternoon session witnessed some profit booking as Nifty pared some of its day`s gains. However positive openings in the European markets further strengthened the sentiments and Nifty easily surpassed the resistance level of 4,950. Sentiments improved globally, after opinion polls in Greece indicated lead in the upcoming elections for a party in favor of the country`s economic bailout package. Nifty closed with over 1.2% gains. Almost all the sectoral indices closed up in green. IT and pharma company stocks were bit subdued today.