Nifty Index Daily Outlook: 26.05.2014
As written in our Daily Outlook, on Friday 23.05.14, Nifty Index on opening move rallied till 7363 level and dropped to 7301, the intraday volatility, helped to regain till 7363, further moved to 7381 on closing bell, finally it closed at 7367.10 with positive note.
We expect on Monday 24.05.14, Nifty may try to move above 7375-7390 band further strong move above 7390 may take Nifty to 7410-7415-7433-7455 levels. On the other hand Nifty may try to hold at 7351-7333 levels further weakness below 7333 may drag the Index to re-test 7315-7298-7276-7260 levels.
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