Oct 9, 2012

NIFTY OUTLOOK (10th October, 2012)



NOW IS IT RIGHT TIME TO SELL OR EXIT FROM THE LONG POSITIONS ?



The NSE Nifty spot closed at 5702 with marginal volatility. Traders will understand about the start of selling trend in the market. In the technical indicators, MACD is making cross for sell signal and Stochastic is trying to cross in the overbought situation. More selling will be seen below 5635 level which has been already indicated in our previous reports. Today, sell on higher level will be better strategy for day traders.


Happy Trading !!

Megha Investments & Research Team
 

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