Wednesday, 25 September 2013

Broader outlook of market for Sep 25th

Nifty is in a range and will continue to do for today and tomorrow. Nifty was finding support at 5850 support area in spot and 5870 in futures and will continue to be a key area As we are finding regularly at this level we could see a bounce towards 5940 levels in spot for next few days. Trading below this 5850 in spot for 30 mins could be a shorting oppurtinity for short term, but suggest intraday traders to stay light and not trade on Nifty for next few days, but BankNifty is looking very weak and will continue its journey towards 9500

For me no trade in Nifty for today and tomorrow

Stocks for the day

Bajaj Auto
LT
Tata Motors
Lupin
Hexaware
OngcZEE
Shriram Transport

No comments:

Post a Comment