The 50-share NSE Nifty index is expected to trade lower on Friday tracking weak Asian markets as sentiment grew cautious after Greek political leaders’ talks would continue today to resolve remaining issues.
The NSE Nifty pulled back from day's lows in the last half-an hour of the trading session and closed in the positive terrain on Wednesday led by gains in realty, metal stock tips.
Indian share market tips are becoming extremely volatile and are struggling to sustain levels above 5400 on the NSE Nifty and 17800 for the Sensex since last three days.
"This range bound volatility could be considered as pause after a rally of more than 12%. If Sensex trades below 17575 and Nifty below 5320 we can expect markets to fall further down to 17,400 and 5,250.
The NSE Nifty pulled back from day's lows in the last half-an hour of the trading session and closed in the positive terrain on Wednesday led by gains in realty, metal stock tips.
Indian share market tips are becoming extremely volatile and are struggling to sustain levels above 5400 on the NSE Nifty and 17800 for the Sensex since last three days.
"This range bound volatility could be considered as pause after a rally of more than 12%. If Sensex trades below 17575 and Nifty below 5320 we can expect markets to fall further down to 17,400 and 5,250.
"Last three days volatility indicated that if the Nifty manage to cross 5415 we may see a very sharp rally towards 5475 or even more and on flip side a fall below 5250 will start much awaited correction".
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