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Nifty may get back into 4800-5000 range: Udayan

Written By Sheffin on Thursday, November 5, 2009 | 10:45 PM


“It’s been a turbulent week with a battle between the bulls and the bears,” said Udayan Mukherjee.

“That doesn’t mean that the market may runaway to more than 5,000 just immediately but at least for the near term, they seem to have staved off what look like a possible breach of 4,500 on the way down,” he said.

“Today can we close out what has been a turbulent week with a green leaf? Today we may build on yesterday’s positive close. It may also mean that we probably have seen the worst just for the moment and we will attempt to get back to that zone of 4,800-5,000.”

(MoneyControl)

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