Today Nifty took support around our Support 2 level of 4867 (mentioned yesterday) where it made low of 4868.55 & bounced back to 4940. Only a closing above 4940/4950 Nifty will become further strong.
Subscribe Today.
Subscribe Today.
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.
Another terrible day in the office for Equity Lovers. Nifty keep drifting down with sudden jump upwards FOR AROUND 50-60 PTS. In short, Trap.
ReplyDeleteSecondary markets too are in terrible state with two companies calling off their issues in May'hem'. In short, they are casualties of bear-attack. Speciality restaurants IPO opens and inspite of management pedigree, nervousness persists. But issue should cross the line courtesy the track record of its peers.
Good results are getting discounted and bad results are getting market backing. Normal monsoon is also not enough to cheer markets. In such pessimism lies the hope that a replay of Jan'12 could be in the offing. Watch out for 4750 and around as markets could turn in that vicinity. Till then look at good opportunities.. Hindalco arnd 108 wid sl of arnd 5%, BHEL arnd 205/3 SL OF arnd 197.