Oct 4, 2012

NIFTY OUTLOOK (5th October, 2012)



NIFTY STILL REMAINED BULLISH AND CLOSED NEARER TO 5800



The NSE Nifty spot closed at 5791 nearer to 5800 benchmark level. The index still showed the bullish trend in whole the day in previous trading session. In the technical, MACD is bullish and Stochastic is moving in the overbought situation which shows the sudden profit booking scenario. But non knows correction time in nifty spot. Medium term traders are not advised to make long position at this level and advised to be stay cautious.


Happy Trading !!

Megha Investments & Research Team
 
Posted on Thursday, October 04, 2012 | Categories: