Nifty:
Previous close - 4651.60
High - 4623.15
LOW - 4555.90
Close - 4613.10
Change - (38.50)
Today
The markets closed with moderate loss, after recovery from day's low, with the Nifty closing just above 4600. The Sensex closed at 15379, down 112 points from its previous close, and the Nifty closed at 4613, down 38.5 points. In today’s trade we saw the nifty's inability to cross the 4623-33-40 decisively at upper end lower end 4589-4574-60 where the market found some support but may be only because short covering trade and may resume bearish look if the today's low is broken.
The forecast for Tomorrow;
1) If the market opens between 4600 to 4612. Buy after the market has moved up passing the levels between 4623 – 37 and book profit between 4685 – 4710
2) If the market opens between 4675 – 95 and above, short with stop loss at 4720-33.
3) If the market opens besides the above, I do not know, up to you.
That is about all.
Have a nice trading day, guys.
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