Mktviews Weekly Nifty Analysis (10/01/2011-14/01/2011)
Huge Volume based Selling was witnessed due to rising Inflation concerns & Anticipated measures by RBI.
Also Expectations of Lower Quarterly results of India Inc due to rising commodity prices also added to the Market Mayhem !!
Stay Bearish on Nifty till 5994 is not crossed.
Also Expectations of Lower Quarterly results of India Inc due to rising commodity prices also added to the Market Mayhem !!
Stay Bearish on Nifty till 5994 is not crossed.
Going Forward,
Nifty Fut will face stiff resistance at 5976-5994 levels crossing & sustaining above which, it may touch 6089 & 6176. .
Nifty Fut will face stiff resistance at 5976-5994 levels crossing & sustaining above which, it may touch 6089 & 6176. .
But, If fails to cross & sustain abv 5994, Will be in a trading range 5819-5994.
Strong support lies at 5820-5826.
Only if it breaks & closes below 5819, it may touch 5735 & 5661..
Be quick in your Trades as Movements are expected to be very spiky & Trade with Stricter SL. When in Profits, Either book Gains or Keep Trailing with a revised SL in order to maximize gains & reduce Risk Factor.
Be quick in your Trades as Movements are expected to be very spiky & Trade with Stricter SL. When in Profits, Either book Gains or Keep Trailing with a revised SL in order to maximize gains & reduce Risk Factor.
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Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
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Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews
Disclaimer :
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
Happened Exactly as Advised in Weekly View :
ReplyDeleteAdvised to stay bearish on Nifty Fut & it stayed weak throughout the week. Also As & when it broke 5819, Hit our both Tgts 5735 & 5561.
Sent Earlier : Stay Bearish on Nifty till 5994 is not crossed. If it breaks & closes below 5819, it may touch 5735 & 5661.