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5TH MARCH Indian MARKET OUTLOOK

 Source : http://www.moneyvistas.in/

The whole day  nifty traded in negative side and finally closed flat.


Nifty was not able to cross 5108 mark on today's trade and we will open flat to positive tomorrow.


Mild profit booking done in oil and gas  sector and banking stocks.We have strong support at 5030 now but we won't test it tomorrow.If you get a chance to see 5050 mark tomorrow we may see Buying support at that area.


Tomorrow range will be 5050---5128 area.
For bank nifty we have support at 8920-45 area and resistance comes at 9040 and 9150 mark.


I will post two stock picks tomorrow at 8:30 am sharp for intraday.


Cheers and Best to your trading.


Disclosure: No positions in nifty