We are likely to see a cautious start, as investors wait for Dr. Manmohan Singh to breathe some life into the struggling Indian economy.
The two-day EU summit also begins today in Brussels. Investors are hoping that EU leaders will set aside their differences and announce credible measures to quell the protracted debt crisis. Germany’s stance is likely to be crucial.
The NSE Nifty continued to trade in a narrow 5100-5200 zone on Wednesday. The only positive in the current week’s movements has been the higher opening on Monday, which was above the hammer pattern. Nifty is expected to face some resistance around 5200.
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