Friday, 30 May 2014

Broader outlook and Stocks for May 30th, 2014

Nifty is choppy and has been consolidating at these levels since some time and will continue to do. FII were sellers for third day but this time they were agresive and Sold INR 522.90 crs and DII Bought INR 195.20 crs

Shorterm Trend
Nifty is good as long as it is above 7260and shorts can be take only below this level if Nifty trades for few days on the other side for 7150 adn 7100 if Nifty crosses 7350 and takes support we can look for 7500.

Intraday Levels
Nifty is weak below 7220 if trades for 10 mins for 7205 and 7190 and buy only above 7260 for 10 mins for 7275 and 7290.

Top pics for the day are  DRReddy Glenmark ,Bharatforge, Infy, Hindalco, AdaniEnt, UBL, TataGlobal, IDFC and Relinfra for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.

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