NIFTY SNAPSHOT
OPEN INTEREST
AND VOLUME
Weekly
View of Nifty
Benchmark indices ended on a negative note on
Friday as Nifty closed below 10,650 zone.On sector front, Metal, Energy, IT
stocks witnessed selling pressure while selective Banking and Financial stocks
ended in green. Midcap and small cap counters continued to remain under pressure.The
coming week will be quite important due to quarterly earnings and Karnataka
elections. Market looks weak especially after breaking key important levels of
10,650 and 10,620. Now, one can look at 10,550 levels on a downside and
10,680-10,780 levels on upside. Overall, next week's trend will be decided on
the basis of quarterly earnings, trend in global markets and exit polls of
Karnataka elections.
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