Friday, January 25

WIll Nifty Break 6000 ?

As Nseindia has still not provided the FII data I am discussing the data analysis without using FII Data stats
  •  NS closed at 6019  after making high of 6065 and low of 6008. Nifty bounced from our support level of 6000 as discussed yesterdayNifty is holding 6000 with terrible breadth, Few stocks like Infy, ONGC,RIL have held the nifty but mid and small caps have just been brutalized. The trend started by HDIL will now follow through to all stocks who have pledged there shares like Jain Irrigation,IRB, Everon and many other mid caps and small cap stocks. Never try to catch a falling knife from trading perceptive so better to avoid such scripts from time being.
Resistance for Nifty has come up to ...

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