NIFTY FUTURE OUTLOOK FOR 27 th May, 2013

Nifty open on positive note but soon bears become aggressive and pull down the market as in our earlier report we mention that in first phase of market bear would be attacking and later on bulls will charge against bear the same scenario have outcome. Nifty gave a smart move around 5940, to the top of around 6010. Nifty have made a range of 5979-6005 as sideways movement and this appear to be consolidation phase and it could be accumulation phase also. Nifty unable to close above 6000 still we feel that on Monday there can be up move and Nifty can touch the resistance level of 6050. During the day 6050 will be tested and during the end of session Nifty can move back to the level of 6000.

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