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Indian shares are expected to trade in a range with a positive bias on Friday and pull back may continue in today's trade. According to Researchers If Nifty stays above 4890 today we could expect the upward move in markets to continue.

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Indian shares are expected to move higher in trade on Tuesday, however, with a negative bias. "If rupee continues to depreciate further, Indian shares will again retest lower levels," according to analysts. The Indian rupee plunged to a new all-time low against the US dollar for the fourth straight session breaching the crucial psychological level of 55 to the US dollar.

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Market Outlook Today 18 May 2012 Indian shares are expected to trade lower on Friday tracking weak global cues after more signs emerged of growing instability among Spanish banks and political turmoil in Greece. The Nifty pared some of the intraday gains on Thursday, and closed below the psychological support level of 4,900 on the back of weak global cues and the depreciating rupee.

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The BSE Sensex and NSE Nifty stayed lower for the second consecutive session on Wednesday due to Greece concerns. To know more about today's market analysis and tomorrow's nifty trend Visit nifty-intraday-tips.com

The markets closed with significant losses today, pulled down primarily by banking, oil & gas and realty. Power and auto, too, closed with significant losses while healthcare, consumer durables and IT gained substantially. The Sensex closed at 16216, down 77 points from its previous close, and the Nifty shut shop at 4908, down 21 points.

Buy Jindal Steel May future with a stop loss of Rs 435 and a target of Rs 490 Jindal steel has shown a strong bounce back from Rs 435-440 levels four times in the last 10 months. The stock is showing divergence on daily chart and again it is expected to get a bounce back from this level.

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Market Outlook and Nifty Trend Indian shares are expected to trade in a range with a downward bias on Thursday as concerns about Greece's future as a member of the euro zone might keep investors on the sidelines.