Wednesday, 11 June 2014

NIFTY TREND ANALYSIS & LEVELS FOR TODAY

Buying at the market strategy should fall. Tuesday markets heavy fluctuation appeared. There was a slight increase in the Sensex and Nifty Sensex – Nifty closed at the record level. However, putting the brakes on midcap stocks rally. Small cap stocks showed strong light.

Nifty Trend
Support Level 7579
Resistance Levels 7683 – 7750
Bank Nifty Trend
Resistance Levels 15450 – 15550
Support Levels 15337 – 15250

That is just bull market. Therefore, went Buying in the market at lower levels fall. However, further market fluctuation’ll see.

Necessary to invest in stocks with caution. In the midcap stocks is more difficult than veterans. drop mid – Smallcap stocks are down more.

Nifty believe that even with correction signals do not seem to go down to 7500. Should buy on dips  strategy. Additionally, Vsulen profits rise.

Asian markets mixed business
In Asia, the Nikkei and strong light in Kospi. The Shanghai Composite Index and Taiwan Bedh business is sluggish. Straits Times and Hang Seng is looking weak.SGX Nifty domestic markets are also signs of lethargy. SGX Nifty is trading at 7673 with modest gains.

Strategy for today
Nifty Buy, stoploss – 7620, Target – 7750
Polaris Buy, stoploss – Rs 218, Target – Rs 240
SpiceJet Buy, stoploss – Rs 19.26, target – Rs 26

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