Oct 2, 2012

NIFTY OUTLOOK (3rd October, 2012)



WILL NIFTY SPOT MAINTAIN THIS AGGRESSIVENESS TO REACH 6000 LEVEL ??



The NSE Nifty spot closed at 5719 up by marginal buying pressure in the end of the previous trading session. But here is the question, will nifty spot sustain above this levels or maintain this trend as it is going towards 6000 level without filling the two gaps in right behind its past ?? Economical indicators are in consolidation and not showing perfect trend, whereas fundamental factors are only showing somewhere buying pressure in some stocks (you can receive those stocks list from our analysts by calling them). On the other hand, technical indicators are showing bullish trend in nifty and some of heavy weight stocks. Stochastic is in negative diversion, which results in positive trend whereas MACD is still moving in buying zone. 5635 will act as major support for short term trading time zone.


Happy Trading !!

Megha Investments & Research Team

Posted on Tuesday, October 02, 2012 | Categories: