Wednesday, October 3, 2012

Sensex Flat In The Morning Note : Nifty Strategy

Market today opened lackluster with BSE benchmark Sensex showing flat trend in the morning bell. Market experts say that The momentum is on the upside so investors should buy on dips. It does not make sense to go short on the markets. 

Rupee Updates :- 

Indian Rupee spending good time from last few days. On wednesday morning too Rupee rose for a fourth consecutive session to hit a new five-month high on hopes of an improving economy and fiscal and economic reforms from the government. 

Nifty Trading Recommendations :- 

The Nifty is likely to open positive on the back of positive global markets on Tuesday. It is likely to trade in the range of 5720-5810. The trading strategy would be to create long positions if  the Nifty takes support at around 5733 levels for targets of 5770 and 5795. On the other hand, one can also create short positions if it resists at around 5810 levels. The Bank Nifty is likely to trade in the range of 10450-11750


Posted By Commodity MCX Tips