HomeNewsBusinessMarketsNifty to continue to trade in 5400-5600 range: Dipan Mehta

Nifty to continue to trade in 5400-5600 range: Dipan Mehta

Dipan Mehta, Member, BSE and NSE says, the market could continue to trade in a bit of a narrow range, between 5,400 and 5,600. “An exaggerated move could come only if these two levels are pierced and market trades above or below those levels for maybe two-three trading sessions,” he adds.

March 12, 2011 / 16:11 IST
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The Indian equity benchmarks saw a drop of over 0.8% on Friday after an earthquake in Japan weakened the sentiment further. The 30-share BSE Sensex settled down 0.84% at 18,174.09 points and the 50-share NSE Nifty fell 0.89% to close at 5,445.45. The BSE Midcap and Smallcap indices slipped one percent each.

Dipan Mehta, Member, BSE and NSE says, the market could continue to trade in a bit of a narrow range, between 5,400 and 5,600.
first published: Mar 11, 2011 07:00 pm

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