nifty futures outlook april 16 2012

nifty futures outlook monday april 16 2012, nifty tips next week april 16-20 2012, nifty prediction next week : The markets ended a volatile week in the red, thanks a slew of negative developments which dampened the investor sentiment through the week. Some of the blues for the market this week were wavering global markets, drop in India's industrial growth, massive earthquake in Indonesia triggering tsunami fears in the Asian region

The BSE benchmark index fell 2.24% while the Nifty lost 2.17% for the week ended April 13. In the broader markets, the Midcap index fell 2.10% while the Smallcap index managed to hold to its gains, with a 0.7% loss through the week.

The markets lost significantly friday with IT being the worst performer. The Sensex closed at 17076 (provisional), down 256 points from its previous close, and the Nifty closed at 5207 (provisional), down 69 points. The CNX Midcap index was down 0.9% and the BSE Smallcap index lost 0.6%. The market breadth was negative with advances at 498 against declines of 943 on the NSE.

below views of experts on how the markets will perform next week, April 16. The same are as follows:

Alex K Mathews, head technical & derivatives research, Geojit BNP Paribas:

``Nifty is having resistance at 5,281 and 5,354 while the support is there at 5,159 and 5,111 levels. Next is a crucial one as the RBI is meeting for its monetary policy review and the street expects it to cut the interest rates this time given the weak economic numbers which came out recently.``

GEPL Capital:

``The level of 5,335 appears as a very severe resistance for Nifty to cross, as every attempt to move past through this level (which implies clearing the resistance offered by a declining Channel) is met with severe selling pressure. Today`s breach of 5,200 was a bearish sign, however Nifty has now support placed near 5,160 and below that 5,136 is absolute important level to watch out for. In coming few sessions if Nifty is unable to respect this range then we may see further decline till 5,050. On the higher side now the level of 5305 is most critical resistance for Nifty to cross if it has to move any higher. Intraday resistance for Nifty is placed in the range of 5,245 to 5,260.``

Shanu Goel, sr.research analyst, Bonanza Portfolio:

``As expected Infosys disappointing results set the tone for the market slide and Nifty tanked more than 1.4% intraday. The sentiments have worsened not only for the IT counters but for the general market as such. Monthly WPI inflation figures for March month on Monday will also likely influence the short term trend of the market.``

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