NIFTY TODAY

Nifty had a gap up opening and faded today itself. 5180 was a good support. Volume was not encouraging. FII’s were net buyers for 359.75 crores. From the beginning of March FII’s remained net buyers. FII’s had bought for 11472-odd crores. Technically, still nifty stays above 50 day EMA. 5300 levels would be a strong resistance for up move. As FII’s were accumulating in a big way we may expect a breakout on either side. To my knowledge only above 5300 levels we can go long. Crucial levels to watch are 5180 and 5300.

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STOCK MARKET TODAY
Today nifty traded in tight range and closed flat. Today too nifty struggled to cross and sustain above the crucial 5070 levels. Volume was not that much good. FII’s were net buyers for 400-odd crores. For past 11 trading sessions FII’s were net buyers for 4500-odd crores. Technically in the price chart a waiting pattern had formed. To my knowledge I expect a breakout, possibly upside. Let’s see what happens.
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STOCK MARKET TODAY
Nifty traded in a tight range. Volume was not good. FII’s were net buyers for 450-odd crores. Today too nifty was resisted around 5070 levels, positive global cues too did not help. I feel RBI’s survey about GDP may hold market from an up move. Technically a waiting pattern had formed in the price chart. Would nifty can stay above 5070 levels then we may see an up move. I feel nifty would move up ward. Let’s see what happens.
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STOCK MARKET TODAY
Nifty had a good start and strongly resisted at 5070 levels. Volume was not very impressive. Market breath was positive. FII’s were net buyers for 540-odd crores. Technically in the price chart an up move pattern had formed. Would global cues come positive then nifty would mark new highs in come days. Let’s see what happens.
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STOCK MARKET TODAY
Today market was very volatile. Nifty closed below 5000 levels due to weak global cues. Market breath was negative. Volume was good. Technically in the price chart a bearish pattern had formed. Still I am on bull side. Let’s see what happens.
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