Thursday, March 21, 2013

Nifty Trend and Tips For Tomorrow 22 March 2013

Key equity benchmarks fell for the fifth consecutive day, their longest losing streak since the seven-day fall ending November 19, 2012. The Sensex closed down 91.32 points or 0.48 percent at 18792.87. The Nifty ended session down 35.65 points or 0.63 percent at 5658.75. The market fell by only 30 odd points today but the way it has traded this week has been disturbing. 

It suggests that people are waiting for opportunities to go short at every rise and supply is just waiting to come on any pullback -- "that is very disconcerting".

Shares in Tata Motors dropped over 4 percent on worries that China's new stringent fuel economy standard would adversely impact the Indian auto maker's Jaguar Land Rover Ltd (JLR) unit. 

Nifty Predictions and Recommendations :-

NIFTY closes at year s low but no panic in VIX.
Next support 5550

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Posted By Commodity MCX Tips