US stocks surged on Friday. Investors continued to rotate out of technology stocks and entering sector stock as the economy starts to recover. Nifty 50 stocks are down but midcap has performed well. Friday Nifty closed below 15,000 and Sensex also came close to 50,000. Once Nifty take 15,000 as the support we will observe rally till 16,000
NIFTY FORECAST
Both FII and DII sold 2015 Cr and 1191 Cr. Now 14,800 is support and 15,000 is resistance. Once it breaks 15,000, this price point will become support and the market will move up to 16,000
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Disclaimer: Our forecasts are based on predictions from our algorithms. However and they involve risks, variables and uncertainties. No guarantee is presented or implied as to the accuracy of forecasts, projections or predictive statements contained herein. Invest at your own risk
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