Nifty opened today flat to weak @ 5105 along with its asian peers. But very quickly on positive news from the gulf region took nifty past 5150 to make an intraday high of 5167. The monthly inflation triggered a wave of selling near the top range taking nifty all the way below 5100 making in intraday low of 5090. Nifty closed @ 5102.
Despite several attempts by nifty it is unable to break a very narrow and frustating range of approx. 130 points. On the upside nifty has to comfortably break above 5180 zone with good volumes to trigger an upside momentum taking it to 5300 -5400 area. Any breadown below 5050 mark will quickly trigger heavy selling taking nifty futures all the way down to 4800 zone.
Our view is neutral . A breakout on either side will give a good handsome 200 point movement on nifty.
For a reliable, trustworthy , transparent and accurate trading calls visit www.aaksharstock.com and register for a free trial.Our trading system is positional based system trading approx 7 - 8 times per month only, giving consistent profit per month.
We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 22 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment