NIFTY OUTLOOK (2nd November, 2012)

NIFTY STILL TRYING TO SUSTAIN AGAINST SELLING: AGAIN IN OLD RANGE

The NSE Nifty spot closed at 5643 up by 0.40% with the marginal volatility. If we analyze the nifty spot movement in intraday time horizon, nifty is trying to sustain against selling pressure and now entered in old range of 5635 to 5751. This is not clearly indicating a particular trend of nifty spot. Some stocks rise and some make low. In this regard, intraday traders are advised to be stay away from market and enjoy their holiday for some period of time till market acts with greater volatility  in intraday basis.

 

Happy Trading !!

Megha Investments & Research Team

 

NIFTY OUTLOOK (1st November, 2012)

SMALL SHORT COVERING IN INDEX STOCKS: STILL NIFTY WEAK

The NSE Nifty spot closed at 5615 with marginal volatility in major index stocks. There is no view for tomorrow in nifty spot. If we see technical, Stochastic is trying to cross from below and made a perfect negative diversion in nifty spot. Whereas MACD is still showing negative trend as per continue in trend. Intraday traders should not keep their positions for next day or positional. There is a movement of higher low and higher high from couple of months in nifty spot daily chart. Overall trend is positive in nifty spot.

Happy Trading !!

Megha Investments & Research Team

 

NIFTY OUTLOOK (31st October, 2012)

NIFTY IN SELLING MOOD: NEGATIVE DIVERSION IN LOWER INDICATORS

The NSE Nifty spot is closed at 5592 with higher selling pressure in banking and  finance sector after RBI credit policy. Policy was unchanged, hence banking stocks were faced huge selling pressure. Let us we move towards to techniacl views, all technical major lower indicators are still showing negative trend with negative diversion. This is still showing bearish trend as per technical lower indiators. In previous report, we were proved wrong due to unexpected policy. Stochastic is heading at 19 which is expected to reach nearer to 5 level. Here, more selling pressure will be seen in this index.

Happy Trading !!

Megha Investments & Research Team