Key benchmark indices edged higher as Asian and European stocks rose on speculation Federal Reserve policy makers won't announce any major changes to monetary stimulus.Indian stocks gained for the second day yesterday, 30 October 2013. The market may remain volatile today, 31 October 2013, as traders roll over positions in the futures & options (F&O) segment from the near
month October 2013 series to November 2013 series.
Federal reserve left monetary policy unchanged, though markets were expected slightly more dovish language from the U.S. central bank's statement, which gave room for the dollar to rise, but is a good news for Indian market, but do not expect much to happen today because of expiry. Nifty closes above 6241 level for continuous Two Days will take the index towards 6333---6367----6408 mark and break below 6233 level and trades below this level for atleast 20 minutes then it can slide to 6220--6211--6201--6196--6188
Intraday Levels
NIFTY is likely to open down a little today. It has trading support at 6220 only. Suppose if it breaks 6220-6200 ranges then only we can think for decisive dip. Well, there is no great reliability for expiry day. It depends on traders if they want to hold long or want to cover long. On higher side 6270-6280 will act as stiff trading resistance.
Pivot Levels for stocks of the day
For exact levels to trade above securities contact vijaykumarrao.invest@gmail.com
month October 2013 series to November 2013 series.
Federal reserve left monetary policy unchanged, though markets were expected slightly more dovish language from the U.S. central bank's statement, which gave room for the dollar to rise, but is a good news for Indian market, but do not expect much to happen today because of expiry. Nifty closes above 6241 level for continuous Two Days will take the index towards 6333---6367----6408 mark and break below 6233 level and trades below this level for atleast 20 minutes then it can slide to 6220--6211--6201--6196--6188
Intraday Levels
NIFTY is likely to open down a little today. It has trading support at 6220 only. Suppose if it breaks 6220-6200 ranges then only we can think for decisive dip. Well, there is no great reliability for expiry day. It depends on traders if they want to hold long or want to cover long. On higher side 6270-6280 will act as stiff trading resistance.
Pivot Levels for stocks of the day
For exact levels to trade above securities contact vijaykumarrao.invest@gmail.com
No comments:
Post a Comment