NIFTY OUTLOOK (14th September, 2012)

EVENING STAR ON THE TOP OF THE NIFTY SPOT: MAY FACE PROFIT BOOKING IN THIS TRADING SESSION

The NSE Nifty spot closed at 5431 with less volatility in the previous trading session. In the technical scenario, Nifty spot made an evening star on the top, and this will cause to profit booking in the blue-chip stocks and as well as in mid cap stocks. MACD is making negative diversion whereas stochastic is moving in over bought situation. All these factors will result in to somewhere correction. There are lot of small cap stocks which give a significant higher returns with a very small risks. Please call us to get list of those stocks to get abnormal returns in this uncertain market.

Happy Trading !!

Megha Investments & Research Team

NIFTY OUTLOOK (13th September, 2012)

NIFTY EDGED HIGHER AND MADE BULLISH WAY

The NSE Nifty spot closed at 5431 up by 0.8% with the higher volatility in the banking and finance sector. After the German court decision, Market became bullish as Germany rejected the stop calls to aid EU countries. In the technical analysis, MACD is making break out when the price line is higher level, whereas Stochastic is in the overbought situation and planning to cut downward to make some correction. Yesterday's resistance is now today's support @ 5385. If any trader has long position in nifty future, he can make stoploss at 5385 in nifty spot level.

Happy Trading !!

Megha Investments & Research Team