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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 tried to attempt 5150-70 again. It could cross 5170 and move towards 5200. One has to see if the upmove sustains above 5200 on a closing basis. One should also expect volatility as it tries to scale 5200. Investors may note that nearer 5200 the risk-reward ratio is in favour of shorts as we expect one more leg down even if it is able to close above 5200. Conclusive proof of a reversal needs some more stability and a sustained move beyond 5400 in the least.
Ø Nifty's resistance for 20/10 is likely around 5150 and 5170-80.
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