12 September 2013

On the Indian Stock market Sep12

If the Nifty trades below the 5889 mark in the early hours of trade, then it might weaken further with supports at 5867 and 5798. Otherwise the Nifty will remain bullish with immediate support at 5902 and resistances at 5947, 5981 and 6039.
Intra-day traders may continue riding the longs as long as it trades above the 5989 mark.
Short term-traders and mid-term investors may just wait and watch and in the mean time check their portfolio and sort out those stocks which have not performed much in the recent bull run from 5118.85. Our advise is to rid one's portfolio off of such non/ under-performers. For any queries as to the offer price of such stocks, please feel free to write to us. We don't charge fees.

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