NIFTY WEEKLY FORECAST NOV 25th

NIFTY WEEKLY FORECAST NOV 25th - 29 th 2013

In the week just gone by NIFTY made a HIGH of 6212.40 & LOW of 5972.80 could not sustain 6212 level and fell sharply to 6000 levels during the end of the week. Coming week NIFTY is likely to be volatile and may slide down to 5800-5850 levels with a strong support at 5903-5938 levels we may expect some recovery to the upside during later half of the week if NIFTY can find support at 5800-5850 levels. As December month is historically the strongest time for stocks and November 28th being the THANKS GIVING DAY in US low volumes and dollar strength may cool down a bit as the week progresses are few triggers for the market recovery as we go down the week.

December is historically the strongest time for stocks. - See more at: http://www.moneycontrol.com/news/international-markets/wall-st-weekahead-wall-street-can-cheer-going-into-thanksgiving-day_995763.html?topnews=1#sthash.ivsTOb09.dpuf

Read more at: http://www.moneycontrol.com/news/international-markets/wall-st-weekahead-wall-street-can-cheer-going-into-thanksgiving-day_995763.html?topnews=1&utm_source=ref_article

INDEX/STOCK	CMP	ACTION	TARGET(S)	INITIAL STOPLOSS	COMMENTS
NIFTY	5995.45	SELL	5959/5938/5903/5875/5847/5810	6351	TRAIL THE INITIAL STOP LOSS TO 1ST TARGET ONCE IN MONEY

Previous Forecast Review

INDEX/STOCK	CMP	ACTION	TARGET(S)	INITIAL STOPLOSS	Review Comments
NIFTY	6056.15	BUY	6081/6096/6120/6140	5834	Targets are fully achieved
TCS	2026	SELL	2008/1998/1981	2278	Targets are fully achieved
AXISBANK	1190.75	BUY	1111/1120/1134/1146	996	Targets are fully achieved

Sunday, 24 November 2013

NIFTY WEEKLY FORECAST NOV 25th - 29 th 2013

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