Mktviews Daily Market View (18/10/2011)

Expect markets to open Negative in-line with Global Counterparts following increasing worries about Euro-Zone Debt crisis.

Nifty yesterday could not cross 5184 & faced selling pressure on all rises, thereby retesting support zone 5085.

Now Nifty Fut needs to cross critical resistance zone 5085-5099 for bounce back upto 5146/5180. If does not cross 5099, then lower levels of 4985/4937 could be retested.

Key Nifty Futures Levels :

Supports : 5053 & 5007.

Resistances : 5085 & 5119.

Probable Trading Range : 5007 – 5119.


Regards,
Team Market View Investments.
 9987750901.