NIFTY OUTLOOK (10th October, 2012)

NOW IS IT RIGHT TIME TO SELL OR EXIT FROM THE LONG POSITIONS ?

The NSE Nifty spot closed at 5702 with marginal volatility. Traders will understand about the start of selling trend in the market. In the technical indicators, MACD is making cross for sell signal and Stochastic is trying to cross in the overbought situation. More selling will be seen below 5635 level which has been already indicated in our previous reports. Today, sell on higher level will be better strategy for day traders.

Happy Trading !!

Megha Investments & Research Team

 

NIFTY OUTLOO (9th October, 2012)

WILL NIFTY SUSTAIN THIS TREND ??

The NSE Nifty spot closed at 5676 down by more than 1% with the higher selling pressure as a correction or profit booking in each and every index stocks. Nifty spot opened and high price were same. This showed the confirm profit booking in the market. On the other hand, MACD is trying to cut downward and Stochastic is also showing bearish signal yesterday's end of the day chart. Major support at 5635 for buyers.

Happy Trading !!

Megha Investments  & Research Team