Wednesday, November 4, 2015

MARKET OUTLOOK 04.11.2015

Nifty Outlook: Since last three days nifty if trading in a tight range of 100 points if nifty breakout above 8100 and sustains there for atleast an hour then we can see further up move till 8225. RSI is suggesting that if Red moving average crosses green then the uptrend will be confirmed. Also nifty retraced to 38.2% level of last swing from 7539 to 8336, if nifty holds 8031 on a closing basis then we can see it will be heading towards its first resistance level of 8148 and then 8225

 
Upcoming Events : Bihar Election poll result will be crucial for nifty as market is expecting BJP

Stocks in news : Tata motors, Ashok Leyland,

1 comment:

  1. This given technical analysis of market is very informative to all the traders and investors as well. Epic Research provides quality stock & mcx tips.

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