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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 steep move down and in the process violated many support levels also. It moved below 4690 but closed marginally higher. In all our key support level/resistance levels we would like to confirm violation only on a closing basis. Though the move down does not inspire confidence in the near term, we would wait to see if it also closes below. We would reiterate that the long term outlook is still intact.
Ø For 24/11, Nifty's supports are likely around 4735-40, 4700(+/-10pts).
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