Nifty Outlook For Next Week 12-16 March

The markets closed with moderate loss in this week and Oil & Gas, Power are the worst looser. Commenting on Nifty outlook for next week (12-16'March) markets are likely to be highly volatile as Union Budget, important data and events are lined up during this month. Global developments like announcement pertaining to US nonfarm payrolls too will continue to influence the market sentiments. For Nifty immediate resistance exists at 5,375-5,380 and immediate support is at 5,275 and then 5,210.