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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 huge move down. We would like to reiterate the prognosis made by us yesterday ( in 26/07 reco) and on many earlier occasions "irrespective of near term gyrations, Nifty is on its way up. Reactions are opportunities for investment".
Ø Having said that, Nifty seems to have formidable resistance at5750. Totally risk averse should wait till Nifty closes ( two sessions) above 5750. For others, Nifty has good support around 5490-50. Investors are advised to once again start making SIP from 5500. One should note that we had earlier got good bounces up (atleast twice) from 5180 and from 5500.
Ø Long term investors can consider investing a portion at 5500 and possibly at lower levels if Nifty reacts further.
Ø Bank Nifty has supports around 11000.
Ø Nifty's support for 27/07 is expected around 5500.
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