Nov 1, 2012

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
 

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