Yesterday Nifty made low of around 4770 from where it bounced back to 4875 saw an upside of over 100 points as of now where on 14th may here in this forum we gave 3 support level below 4940 and our S3 was given at 4771/4747. It was the 2nd occasion in the recent time where Nifty took support near the S3 level where last time it made low of around 4789 from where it bounced back to 5000+
About Me
- Manish Bothra
- Kolkata, India
- Disclaimer: This Blog, its owner, creator & contributor is not a research analyst and expressing opinion only as an Investor in Indian equities .He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog.Information or stock recommendations contained in this blog are for educational purposes only. Investors are advised to consult financial consultant before acting on any such information. Before acting on any old recommendations, please ensure its relevance in current circumstances.
Falling crude prices===Lighter Guv subsidy burden( a technical bounce is in the offing.good for bears)....FII's not pulling out money in a hurry :) I mentioned earlier there is some serious rejig of Fiis portfolio. Larger weightage will be given to companies that are reporting good nos and paying liberal dividends in tough times.
ReplyDeleteSpain has asked for recapitalization of country's banks. not a great news. Greece exiting Euro looks highly unlikely. IPO's are touch- me nots globally. Facebook is a glaring example of the games merchant bankers play. Dividend plays are a good idea considering the payouts will begin shortly.