TODAY’S PERFORMANCE
Today nifty didn’t approached the given levels.
STOCK MARKET TODAY
Today nifty closed just above the crucial support 5060 levels and below the psychological number 5100 levels. As global cues were negative nifty traded in red and Europe markets fueled the downtrend. Volume was rather good. FII’s were net sellers for 500-odd crores. Technically a bearish pattern had formed in the price chart.
STOCK MARKET TREND FOR TOMORROW
Tomorrow global cues and L&T results will lead the market. As IIP data was very good we may expect good results from L&T. Based on this view I expect nifty would trade in the positive region. Still I could not find any bad fundamental reasons to a expect correction. However I suggest visitors to trade with strict stop loss because nifty closed below 5100 levels.
NIFTY LEVELS
BUY ABOVE - 5160
TARGET 1 - 5027
TARGET 2 - 5250
STOP LOSS - 5140
THANKS FOR VISITING!