Oct 14, 2012

NIFTY OULOOKK (14th October, 2012)



NIFTY STILL STRONG INFRONT OF WEAK DATA



The NSE Nifty spot closed at 5676 down by 0.56% in the weekend. Nifty spot still strong ahead of weak data and global information. Investors and traders thought the nifty for weakness till some days. But nifty spot is  standing as it was. Again as before, 5635 is the major support and 5751 will be major resistance for nifty spot. All technical indicators are showing sell signal. Day trader are recommended to sell nifty future only above 5700 level.


Happy Trading !!

Megha Investments & Research Team
 

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