Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty ended below the psychological level of 5400 due to lower than expected Index of Industrial Production data and weak European markets. The action formed Doji candlestick pattern on the weekly chart signals indecision about the direction of the market. Moreover, it indicates that neither the bulls nor bears are able to gain control in the coming trading sessions. So, it is possible that turning point can develop soon either break out of 5430 or break down of 5320 levels. On the higher side, If NIFTY holds above 5430 on weekly basis and then 5550 or even 5650 are possible in near term. On the downside, Breakout of 5280 would invite selling pressure and it could test at 5190 levels. One is advised to note that, technically if NIFTY holds below 5190 then we could see a possible reversal of the current uptrend to downtrend.
No comments:
Post a Comment