Nifty target for week august 21 2012

Nifty target for week august 21 2012, nifty target 8/21/2012, nifty tips august 21 2012, nifty analisys, nifty on 21 08 12 : The Indian markets registered marginal gains in a truncated week with the Sensex registering a rise of 0.76 per cent and the Nifty index gained 0.86 per cent for the week ended August 17, 2012.

Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012

For the coming week, the Nifty index may consolidate in a range from 5,300 level on the downside and 5,400 level on the upside, Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012

For the coming week, the Nifty index may consolidate in a range from 5,300 level on the downside and 5,400 level on the upside, If the Nifty crosses above 5,400 level, the likely target on the upsides are 5,480-5,550. "Profit-booking is likely at current levels and also until 5450 level is crossed.

Since the last four weeks the index has shown bullish signs and has gained almost 6 per cent from its lows of 5,030. The index has breached above its crucial resistance level of 5,350 on closing basis which is a positive indicator for near-to-medium term.

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