Wednesday, October 31, 2012

Nifty Tips - Nifty Trend || Range || Levels 1 November

Indian equity benchmarks gained strength in late trade with the NSE Nifty closing above the 5600 level on Wednesday, helped by banking & financials, auto, technology and healthcare shares.

The 30-share BSE Sensex bounced back following 205 points fall yesterday after RBI policy; gained 74.53 points to close at 18,505.38.

Meanwhile, the 50-share NSE Nifty rose 21.80 points to 5,619.70.

But the benchmarks shed 1.4 percent in October owing to rising inflation, unchanged in policy rates, raising provision limit for banks and disappointing earnings. The profit booking was another reason behind this fall because the market had rallied over 6 percent in September following reforms by the government and inflow of foreign money after unlimited bond buying plans unveiled by Federal Reserve & ECB

Stock Future Tips Trial :- 

1. Buy Hindalco nov expiry future around 112, keep stoploss below 108 and expect target of 123+ in next 1 week time period. 

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Posted By Commodity MCX Tips