NIFTY OUTLOOK FOR 04/02/2013
DOW CLOSES ABOVE 14000 ON FRIDAY.
GLOBAL TRENDS ARE TURNING IN TO GREEN AND
ALSO MARKETS SEARCHING FOR NEW HIGHS.
GLOBAL TRENDS ARE TURNING IN TO GREEN AND
ALSO MARKETS SEARCHING FOR NEW HIGHS.
NIFTY GETTING CONSOLIDATION BETWEEN,
5955-6111 FOR MORE THAN THREE WEEKS.
5955-6111 FOR MORE THAN THREE WEEKS.
SO, IT IS TIME FOR BULLS TO START THE FRESH
INNINGS AND ALSO TO START THE PRE-BUDGET RALLY.
INNINGS AND ALSO TO START THE PRE-BUDGET RALLY.
BEFORE THAT TESTING 5911-33 LEVEL ALSO,
ON CARD.
ON CARD.
SO BULLS HAVE TO SEE A CLOSE ABOVE
6044 TO TERMINATE THE LITTLE BEARISH
MODE SEEN.
6044 TO TERMINATE THE LITTLE BEARISH
MODE SEEN.
ABOVE 6044, IT IS BULLS AREA, AND THEY
HAVE MEANING FULL NEXT RESISTANCE ONLY
AT 6200-6222 LEVEL.
HAVE MEANING FULL NEXT RESISTANCE ONLY
AT 6200-6222 LEVEL.
ON THE DOWNSIDE,
5977 AND 5933, ARE THE SUPPORTS
AVAILABLE FOR BULLS.
5977 AND 5933, ARE THE SUPPORTS
AVAILABLE FOR BULLS.
NOW THE LONG TERM TREND LINE SUPPORT
IS AT 5911 AND ANY CLOSE BELOW 5888
WILL BRING PANIC SELLING TO THE SYSTEM.
IS AT 5911 AND ANY CLOSE BELOW 5888
WILL BRING PANIC SELLING TO THE SYSTEM.
'Probably one will buy more into the upstream than downstream. Downstream I am not against but downstream will continue to run under pressure.'
Spice Jet is the 'BUY' call with target of Rs 365 and stop loss below Rs 351.
Bata India is the 'SELL' call with target of Rs 750 and stop loss below Rs 795.
Yes Bank is the 'BUY' call with target of Rs 555 and stop loss below Rs 523.
JP Associates is the 'SELL' call with target of Rs 76 and stop loss below Rs 88
To earn profit by investing money in share market is not difficult, it can only happen when the trading is done with proper daily research reports.
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