 "markets")
MARKET VIEW
Market shows no signs of a strong pull back with the daily and weekly trend being down. Among the Nifty50 stocks, 41 stocks with 90 per cent weightage are corrective and only nine stocks on positive with 10 per cent are on positive. Support for the week is seen at 38,060/11,330 for the Sensex and Nifty, respectively, while resistance is seen at 39,360//11,750. Bank Nifty, too, has its weekly trend turned down and may see further weakness now with HDFC twins, ICICI etc showing weakness. Bias continues to be corrective and cautious.
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