S&P CNX Nifty - Weekly Analysis -11 Nov 2012 Part -I
Wishing all Site readers a Happy and prosperous Diwali.
Last year has been profitable to Indian Equities with Nifty up 8% since last Mahurat trading sessions and Index is up 20% Year till date.There is optimism in the air with the Sensex up 8 per cent since last Muhurat trading day.
Trading will be subdued in the first half of the week. With earnings season coming to an end, global events could provide direction to Indian equities. (Global Events for coming week Click here ).On the macro front, IIP data would be announced on Monday, 12 November 2012 for the month of September 2012.
Wednesday, WPI Inflation data for the month of October 2012 would be unveiled.
Historical data Nifty tends to give 5-6% move pre or post Mahurat trading session. So accept a 5-6% move in coming week.
Nifty Hourly charts has broken down ....
Continue Reading
Last year has been profitable to Indian Equities with Nifty up 8% since last Mahurat trading sessions and Index is up 20% Year till date.There is optimism in the air with the Sensex up 8 per cent since last Muhurat trading day.
Trading will be subdued in the first half of the week. With earnings season coming to an end, global events could provide direction to Indian equities. (Global Events for coming week Click here ).On the macro front, IIP data would be announced on Monday, 12 November 2012 for the month of September 2012.
Wednesday, WPI Inflation data for the month of October 2012 would be unveiled.
Historical data Nifty tends to give 5-6% move pre or post Mahurat trading session. So accept a 5-6% move in coming week.
Nifty Hourly Chart
Nifty Hourly charts has broken down ....
Continue Reading
posted by Bramesh at
3:34 PM
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