24 July 2013

On the Indian Stock Market..

The readers of our blog might have seen how exact we were in predicting the direction and resistance of 6093 in our yesterday's post.
The outlook for today continues to be optimistic but given the impending settlement tomorrow of the July series, the market may tend to be erratic.
The immediate resistance for Nifty is at 6082 which if conquered may show higher levels with resistances at 6094, 6110 and 6126.
The immediate support is at 6070 which if breached may see nifty go down with supports at 6059 and 6038.
The mid term investors may bid key stocks as mentioned in our last post.
Short term traders may create position on short side for August series.

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