Topic :- Time:3.00 PM
Profit booking is going on in market now. Please note this is just profit booking there is nothing wrong with market. As mentioned if Nifty breaks and trade below 4650 then we can see some panic selling in the market so it is just that. Avoid overnight positions.
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Topic :- Time:2.00 PM
Once again Nifty is struggling in particular range. But close above 4720 will make Nifty bullish. Nifty spot above 4720 can show some recovery and if Nifty spot breaks and trade below 4700 then we can see some profit booking in the market.
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Topic :- Time:1.20 PM
News Corner To Sum up Your Day-
1.Inflation at -1.58%
2.Tata planning to buy US insurer AIG from the Life insurance Joint venture Tata Life Insurance
3.Bank of England and European banks rate decision today.
4.Textile companies will receive 2500 crore from government as per textile minister.
5.PSU bank Staff on two day strike from today
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Topic :- Time:1.05 PM
Stock View-
UNITECH looking good at current levels. Its short term target is 100. One can buy and hold Unitech.
Market View-
There is an inverted head and shoulder pattern in nifty, if nifty manages to trade and sustain above 4720 then we can see more bullishness in the market. Close above 4720 will confirm short term bullishness in Nifty.
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Topic :- Time:12.45 PM
If Nifty spot manages to trade and sustain above 4700-4710 can show some more recovery and if Nifty spot breaks and trade below 4680 then we can see some profit booking in the market.Avoid going short sell in market now at current levels.
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Topic :- Time:11.50 AM
Nifty is now range bound. Not showing any major movement. We can see breakout in the market soon. Nifty spot if manages to trade and sustain above 4680 then we can see some more upmove in the market and if Nifty spot breaks and trade below 4650 then we can see some profit booking in the market. View for market is still same as was in last hour.
Inflation Update- Inflation at -1.58%
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Topic :- Time:10.40 AM
Banking stocks are in action now.Nifty spot if manages to trade and sustain above 4680 then we can see some more upmove in the market and if Nifty spot breaks and trade below its critical support of 4650 then we can see some panic in the market.If Nifty holds above 4650 then bulls will dominate market soon.
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Topic :- Time:10.05 AM
If Nifty manages to sustain above its critical support of 4650 then we can see some sharp recovery in the market but if Nifty spot breaks and trade below 4650-4645 then some more profit booking is expected. One should now avoid going short in market.
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Topic :- Opening Note
For morning session if Nifty spot breaks and trade below 4670 then we can see some profit booking in the market and if Nifty spot manages to trade and sustain above 4710 then we can see some upmove in the market. One should avoid early buying and should grab shares at lower levels.Nifty to open 20-30 points lower. Please note this view is valid for morning session and should not be considered as a view for whole day
