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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty cut through 4940 (trailing stop loss triggered) and touched 4900 also. It seems to be on course for a target of 4700. It however does not mean that it will be a one-way street down - there could be pull backs. However one has to be patient till there is some show of strength (at least 5200 to be crossed).
Ø We would like to reiterate that the long term trend is still intact. It is the short term which shows weakness.
Ø Nifty's support for 13/09 is expected around 4880.
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