Monday, October 29, 2012

Share Market Trend Today 29 October

Market Predictions For Today :- 

Market today will open positive and try to test traders’ patience. Since US market closed on a positive note after a smart recovery, other world markets are likely to follow. It will become volatile in the second half and face technical resistance at 5735, 5758 and support at 5668, 5640. 

NIFTY will play in the range for some time trying to break-out. Keep your trading radar on Select stocks in mid-cap space which will outperform. A larger number of results due today, which will keep our research team busy. The recent cabinet reshuffle indicates that the Government is now serious in it’s’ business. So we expect positive news from the political front. Till Nifty in this range midcap will fly around. Any close above 5738 with volume may see NIFTY testing earlier h
ighs of 5780 levels. 

Active Stocks Today :-

1. GAIL Ltd

2. Sesa Goa Ltd

3. IDFC Ltd 

4. United Bank of India


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Posted By Commodity MCX Tips