NIFTY OUTLOOK (23rd October, 2012)

NIFTY SUCCEEDING TO SUSTAIN ABOVE SUPPORTS: WHAT NEXT ??

The NSE Nifty spot closed at 5714 with the higher volatility in bluchip stocks.  There are certain stocks which are still undervalued and have potential higher growth and returns. Many clients called us to receive lists of those stocks on day to day basis. Clients are advised to fill contact us form by registering their mail ids to receive updated reports and free advice of profitable investing points. Now, let us we move on the nifty spot analysis, Nifty spot closed with sustainable volatility and showed the strength with the supports. This is indicating the positive trend of various stocks. Long position holders are advised to maintain strong stoploss at 5635 spot level.

Happy Trading !!

Megha Investments & Research Team

 

NIFTY OUTLOOK (19th October, 2012)

MARKET ROSE AFTER MAKING BEARISH ENGULF: ODD MOVEMENT

The NSE Nifty spot closed at 5716 up by approx 1% with the buying pressure in banking and finance stocks. As in previous reports, we have described about the negative diversion of technical lower indicators for buying position holders. Here, Stochastic is making fresh cut upward to make price line up. On the other hand, Short term daily exponential moving average is acting as major support and showing some fair idea about the real trend of market. Market is strong only above 5600 level. Long position holders should make stop loss at 5787 now. 

Happy Trading !!

Megha Investments & Research Team

 

NIFTY OUTLOOK (18th October, 2012)

NIFTY SPOT MADE A BEARISH ENGULF BUT STILL STRONG

The NSE Nifty spot closed at 5658 with marginal volatility in major stocks. All technical lower indictors are showing sell signal with negative diversion. Indicators are falling but price line remains strong, which is positive factor for long position holders. As before indicated in reports, 5635 will be major support and 5578 is the 34 day exponential moving average which will act as major trend support for nifty spot. Strength of nifty spot is the crucial point for bullish trend of market. Bluchip stocks are favorable for investment at this time. Mid-cap stocks will give higher returns if investors will buy and hold those stocks at this time.

Happy Trading !!

Megha Investments & Research Team