Thursday, October 22, 2009

TODAY’S PERFORMANCE
Today nifty didn’t approached the given levels.
STOCK MARKET TODAY
Today nifty closed below the psychological level 5000. As global cues were negative nifty traded in red. Inflation and LT results were not bad. Volume was good and FII’s were net sellers for 499 crores. Technically in the price chart a bearish pattern had formed. I did not expect that nifty would trade below 5000 levels.
STOCK MARKET TREND TOMORROW
Again global cues would lead the market. BHEL results is to come tomorrow. To my knowledge, technically, I feel tomorrow nifty would trade in positive range. I suggest visitors to buy nifty only above 5160 levels.
NIFTY LEVELS
BUY ABOVE
- 5160
TARGET 1 - 5207
TARGET 2 - 5250
THANKS FOR VISITING!

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