Nov 7, 2012

NIFTY OUTLOOK (8th November, 2012)



NIFTY UP: BULLS COME BACK ???



The NSE Nifty spot closed at 5757 up by 0.60% with the positive mood. The index is traded in with the gap up and sustain, gap can be seen before 3 trading sessions. There is a negative diversion in Stochastic indicator which can lead to some correction. But on the other hand, MACD is making a fresh cut for upward move which is favorable for long position holders. Nifty spot can be seen nearer to 6000 level in very near future.


Happy Trading !!

Megha Investments & Research Team
 

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