Stock market weekly tips and reports & Report on PNB

Hello,

MARKET ROUND UP

Markets drift lower after a pullback rally last week
After witnessing a pullback rally last week and failing to cross the trend reversal levels of 18691/5600, markets drifted lower this week. The news of the earthquake in Japan on Friday exacerbated the weakness as the Sensex/Nifty finally ended the week 1.57/1.68% lower. Reflecting the weak sentiments, market breadth was negative in four out of the five trading sessions of the week.

OUTLOOK FOR THE WEEK AHEAD

With the markets ending lower today, traders will need to see if the Nifty can hold above 5400 in the coming week. A close below the crucial Nifty supports of 5400 could see accelerated weakness that could take the Nifty towards the previous lows of 5232.

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Warm Regards,
Stock Market News Team

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