Wednesday, 2 November 2011

Nifty Futures for Wednesday 2nd Nov 2011


Greeks referendum plan can be termed a modern "blackmail".

The global events could take its toll on indian markets as well. But this is the time we need to step up and like US make sure that our markets emerges as a winner. For that we need retail participation and less of PANIC (mad selling). 

Hence we all make efforts to provide free consultancy and insides to our market so that people dont get panic.

Technical view on Nifty for 2/11/2011:
No trade between 5235 and 5268(to avoid whipsaws)
Buy above 5268 with SL of 5256 for targets of 5294-5312-5331-5349
Sell below 5235 with SL of 5260 for targets of 5222-5204-5186-5168
    

The future of our economy lies on how we handle this global economy hence market could slip to 4700 again or revive till 5600 as well. Just wait and watch

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