Sep 24, 2012

NIFTY OUTLOOK (25th September, 2012)



PROFIT BOOKING IN MARKET: STILL LOOKS BULLISH, SUPPORT @ 5632



The NSE Nifty spot closed at 5673 down by only 0.30% with the marginal volatility in the market and heavy weight stocks. This week is for future & options expiry, and possiblity can come about somewhere correction in bluechip stocks. Technical indicators are still showing upside trend whereas supports are there for giving support from bearish trend. Today, intraday traders can trade with the strategy of buy on deeps in the nifty future. It can be predicted from this high volatility movement that nifty future will remain in premium in this expiry. 


Happy Trading !!

Megha Investments & Research Team
 
Posted on Monday, September 24, 2012 | Categories: