Oct 9, 2012

NIFTY OUTLOO (9th October, 2012)



WILL NIFTY SUSTAIN THIS TREND ??



The NSE Nifty spot closed at 5676 down by more than 1% with the higher selling pressure as a correction or profit booking in each and every index stocks. Nifty spot opened and high price were same. This showed the confirm profit booking in the market. On the other hand, MACD is trying to cut downward and Stochastic is also showing bearish signal yesterday's end of the day chart. Major support at 5635 for buyers.


Happy Trading !!

Megha Investments  & Research Team
 

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