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

NIFTY OUTLOOK (12th September, 2012)

MARKET REMAINED BULLISH: CLOSED AT RESISTANCE LEVEL

The NSE Nifty spot closed at 5391 up by 0.50% with the higher volatility yesterday. In the week ahead, nifty spot is making bullish waves as per the wave theory. But still confuse about resistance and hurdles which nifty is still facing day to day trading sessions. MACD is trying to break out for bullish trend, whereas Stochastic is in overbought situation which may cause to make correction point in the Nifty spot or say market. Some bluechip stocks are still making low and low in this market and lot of traders are suffering from huge losses from those stocks. You can get detailed information of those stocks from our analysts. Please call us for better in depth financial research.

Happy Trading !!

Megha Investments & Research Team

NIFTY OUTLOOK (11th September, 2012)

NIFTY SPOT FAILED TO CROSS RESISTANCE @ 5383: TIME TO PROFIT BOOKING

The NSE Nifty spot closed at 5357 which was close price of yesterday. This means, nifty spot opened gap up and then closed with profit booking situation. There is a major hurdle which was indicated in previous report too @ 5383. Nifty spot failed to cross that and shown somewhere correction in various scrips. This is the time at which, market is moving scripwise and stood at consolidation pattern. If we look in to the technical terms, lower indicators are in negative diversions and price line is moving above the short term moving averages. The range of nifty spot is 5383 and 5311. Break out will show further movement.

Happy Trading !!

Megha Investments & Research Team