NIFTY OUTLOOK (5th October, 2012)

NIFTY STILL REMAINED BULLISH AND CLOSED NEARER TO 5800

The NSE Nifty spot closed at 5791 nearer to 5800 benchmark level. The index still showed the bullish trend in whole the day in previous trading session. In the technical, MACD is bullish and Stochastic is moving in the overbought situation which shows the sudden profit booking scenario. But non knows correction time in nifty spot. Medium term traders are not advised to make long position at this level and advised to be stay cautious.

Happy Trading !!

Megha Investments & Research Team

 

NIFTY OUTLOOK (4th October, 2012)

NIFTY SPOT ENDS FLAT; AGAIN STAR ON HIGHER LEVEL

The NSE Nifty spot closed at 5731 with marginal volatility and closed flat on the higher level. Market is still bullish in this week again. Technical lower indicators are still showing bullish trend. Now it should face somewhere correction in the market or in some stocks. 5635 is still support. Intraday traders are advised to sell on higher levels in the nifty future in this trading session.

Happy Trading !!

Megha Investments & Research Team

 

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