CLOSING
SESSION BETTER
Nifty
traded better in the opening session and slowly slipped into the red
and closed with a minor loss, first negative close in January F&O
series. Nifty appears to be correcting for the recent rise and can be
expected to be bullish for short term as long as it maintains close
above 8285. Nifty spot is expected to encounter resistance at
8520, 8555 and find support at 8335, 8300 for Tuesday.
While Global cues and Funds flow are expected to
broadly guide the market movement, based on the present market
position, market is expected to be subdued in the forenoon and
generally recover in Second half of the day.
Astro
Info :: Moon transits in Punarvasu and Pushyami and market can be
expected to be subdued in forenoon and recover in Second half of the
day.
Trading
strategy :: After 1pm, if Nifty trades above Average Traded
Price(ATP), long position may be considered with low as stop loss .
Sensitive time 11.25am.,
Individuals
born in Leo and Sagittarius signs may remain cautious in their
transactions.
No comments:
Post a Comment