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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 Technically, the INDEX is likely to continue its downtrend momentum and with NIFTY trading below 200 day WEMA (4855). On weekly chart, NIFTY closed below the key support level of 4690/4720 and signals if NIFTY trades above 4690/4720 then we could see short term buying and then 4855 or even 4930 is possible. On the lower side, the support level for NIFTY is seen at 4540/4510. If NIFTY trades below 4510 then it could test at 4440. Short term traders are advised to trade cautiously as almost all the technical indicators are looking oversold and bounce back can be expected at any time.
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