BOTH SHORT AND MIDDLE TERM POSITIONS ARE NOT SAFE TOMORROW .
Nifty travelled through random upward and downward movements today just as we predicted yesterday . Finally , it closed at 5368.15.
Most of the significant global indices were positive in European and Asian market. It brought limelight to Indian market and helped to close in green. But, BHARTIARTL has a decline of 22% in Q3 net profit. It placed first among the NSE top 5 losers'list with 6.81% fall.
Our intraday tip was to sell nifty futures below 5393. An unexpected buying came and just triggered our stop loss of 5322 and showed high at 5324.75 . Immediately , it reached our second target and showed low at 5343.35 ( within 20-30 minutes ). Anyway , it was unlucky time to trigger stop loss.
Next, there are some good news to the market. Some of them are positive US job data and FIIs' increased fund inflow towards Indian Capital Market. Besides , IT BPO sectors expect a revenue of $100 billion in current financial year. But, we have to wait to get a justifiable trend line for bullish market for making investment .
GOOD LUCK ....
No comments:
Post a Comment