Stock Market Outlook: Nifty and Sensex overcame early losses on Friday to put a halt to 5 days of continuous fall and end the day at 14,744 and 49,858 points respectively. Nifty gained 186 points, while Sensex added 641 points on Friday.   

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Talking about this recovery Zee Business Managing Editor Anil Singhvi said that there were several reasons for it. One reason was strong buying interest by FIIs on weekly expiry session. Another reason was that global market did not show further weakness. Besides, Dow Futures trading in green provided the much-needed impetus for the eventual U-turn, said the Market Guru. 

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"Nifty recovered almost 425 points from lower level, Bank Nifty made 1,000 points recovery and Sensex saw whopping almost 1400 points from lower level," Zee Business Managing Editor said.   

Talking about support levels, he said, "For Nifty, 14,350 to 14,525 will be important support from lower-level point of view while 14,900 to 14,925 will pose some resistance on the upper side. For Bank Nifty, 33,300 to 33,500 will be lower range, while it will try to go past 35,000 to 35,250 on higher side. However, three things will be crucial if the market has to show strength from here after this correction - FIIs buying need to improve, bond yield should be below 165 to 170 and stability in the global market will be important triggers for next week."