Outlook of Markets for May’2012

Posted By : Kishore B.S

Nifty Outlook: Volatile with range bound movement After enjoying a bullish movement in the beginning of the year due to massive FII inflow and liquidity injection by European Central Bank, from Mid- February we have seen a range bound movement of Nifty between 5150 and 5500 due to Budget announcements, lack of policy reforms and uncertainty raised on European Economy. Now, we are expecting that the