Intraday NSE BSE Tips|Nifty Prediction For Monday 16 January: Indian stock markets closed in green for the second consecutive week. We can say the new year is going quite well for share markets. The Sensex was up 1.6% while the Nifty gained 2.2% during the week. The markets gained moderately yesterday. The Sensex closed at 16153 up 116 points and the Nifty closed at 4867 up 36 points. Reliance Power, Tata Steel and JP Associates remained the top Nifty gainers during the week.
NSE BSE Tips And Nifty Outlook : Nifty managed to trade with a positive momentum yesterday amid high volatility. For next week the level of 4,900-4,910 is providing resistance on the upside. Above 4,910, next resistance is at 4,945. Reliance power, Coal India, L&T, Tata Steel, Reliance Communications can be good bets for next week.
Factors That May Affect The Stock Markets : During the last week bullishness was seen in the markets in mid-caps and small caps. However, towards the end of the week markets did show some sign of weakness. HCL Tech and TCS results on January 17 are likely to provide the next trigger for the market.
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