Monday, October 29, 2012

Nifty Tips Tomorrow - Market Predictions 30 October

Market today traded choppy and gave a flat closing. market sentiments were down and most of the traders segement were cautious ahead of the monetary policy review by RBI on Tuesday 30 October. Market in the morning session showing good uptrend and was up 100 points but in the mid session it became choppy and edgy.

The gains in Reliance Industries, ITC, HDFC Bank, Wipro, Bharti and Infosys were counterbalanced by the fall in BHEL, L&T, ICICI Bank, Tata Motors, TCS and HDFC. 

Majority of experts feel the central bank will go for 25 basis points cut in repo rate and cash reserve ratio.

Share Market Trend Tomorrow 30 October :-

Market tomorrow is predicted to be behave volatile. All eyes will be on RBI's monetary policy review, keep a close eye on it as it will decide the momentum of the market. 

Bank Nifty Recommendations for Tomorrow :- 

If it opens below 11510 then short it for the target 11335-11300 with stoploss above 11510 but any surprise from RBI may trigger short covering rally here. Watch !!

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Posted By Commodity MCX Tips