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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 made a yo-yo. One has to take consolation that it atleast did not react lower. We have already mentioned support levels for Nifty, the last but strong support being 4690. If 4690 is held - we can see a short term bounce up and if 5400 is crossed (on a closing basis) the medium term view turns bullish. One has to however wait to see the direction Nifty takes in the short term and be prepared to make investments at the opportune time when a clear signal emerges of the correction getting over.
Ø Nifty's support for 23/11 is expected around 4750 and 4720 and resistance around 4890-4900.
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