Nifty futures outlook tomorrow april 26 2012

Nifty futures outlook tomorrow april 26 2012, nifty trading tips 26/4/2012,nifty levels april 26 2012, Nifty range : Indian markets settled lower on Wednesday after S&P downgraded India`s outlook. Market opened on a flat note on the penultimate day of the April derivative series expiry. Nifty inched higher in the morning trades as sentiments improved on positive closings in the US markets. Nifty touched the intraday high of 5,236.10 during the morning session itself.

Global markets traded mixed with no significant directional movement. S&P downgrade led to a kneejerk reaction pushing the index down to 5,150 levels. This was followed by an immediate recovery back to 5,200. We expect Nifty to trade in the range of 5,130-5,250 and settle around the 5,200 mark for the April series. Selling pressure is expected in select frontline and midcap stocks. Nifty range for the May series is seen at 5,100-5,500. Buying in select Four wheeler and Information Technology stocks is advised for the May series.

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