This is another week of heavy sell off. This is second week had seen losses consecutively. Nifty will take support here. Some important points of this stage.
- Global market come to support level of 200 day moving average.
- S&P 500 is close to 1300 level. Here this index can take support.
- Dollor index come to 81 level. This is resistance level for this indicator. There will correction for this index.
- Nifty come to 4800 level where this is support level for index.
- Market will cover from this level to 5150 level. This is expected movement for market.
- State bank of India had posted good numbers and found support at 1800 level.
- Bank nifty is again shown strength.
- Some counter will give good momentum.
- NTPC had found support at 140 level.
- Sesa goa Sterlite amalgamation will give strength and some price math mechanism for this month.
No comments:
Post a Comment