Monday, 19 November 2012

MARKET VIEW FOR NOV-19

                            Dear all due to Diwali festival we unable to post any views here.Now let us see about our market condition. Market closed below the good support level of 5580-5590. nifty seems to  be weak now any level near to 5625 is an chance to go short with max sl of 5640. 


In the above chart nifty closed below Fibonacci retracement of 78.6 level of 5691. Also RSI & MACD is falling down.If any continuous close below this level for 1or 2 days then nifty may see 5440. suppose nifty close below 5580 then take nifty short as a STBT.
        Lot of stocks are in very near to very crucial support level, If crash on that level then we have nothing to do market will fall another 100 points immediately.So don't go any fresh buying at this level.Even if you buy please exit where ever you see profit. or exit with small profit.

KARUR VYSYA BANK : Sell below 458 sl 463 target
                                  will be 452,447
BICON           : sell below 290 sl 295 target
                       will be 285,281


PORTFOLIO ALERT
      
Please keep 5600 put still 2-3 days, 


THANKS & REGARDS
      NSEBSENOW