Re: Nifty Outlook for week 2-6 Feb
Respected OneBull
Nifty is ranged bound between 2700-2850 from past 18 days.Today Nifty closes at 2780 down by 23 points,Sensex at 9090 down by 110 points.Also European market performed a little better today DAX moved up nearly 17 points but FTSE and CAC remains flat.
Also Dow is performing good today up nearly 105 points @ 8061 at 11.00 PM and I think 150 plus tonight.Also iff Dow will tank everyday then how it can sustain.Investors are also waiting for the contours of the second US stimulus package.
Considering all the figures and decline in Nifty today I think there will be a flat to positive opening tomorrow as a short term recovery.I will suggest to book profit @ 2850 and go short at this level..
Also a day trader can buy @ 2750 because there is a lot of short term resistance coming at this level in immediate short term.
Please suggest....:
Respected OneBull
Nifty is ranged bound between 2700-2850 from past 18 days.Today Nifty closes at 2780 down by 23 points,Sensex at 9090 down by 110 points.Also European market performed a little better today DAX moved up nearly 17 points but FTSE and CAC remains flat.
Also Dow is performing good today up nearly 105 points @ 8061 at 11.00 PM and I think 150 plus tonight.Also iff Dow will tank everyday then how it can sustain.Investors are also waiting for the contours of the second US stimulus package.
Considering all the figures and decline in Nifty today I think there will be a flat to positive opening tomorrow as a short term recovery.I will suggest to book profit @ 2850 and go short at this level..
Also a day trader can buy @ 2750 because there is a lot of short term resistance coming at this level in immediate short term.
Please suggest....:
Last edited:
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Re: Nifty Outlook for week 2-6 Feb
As we speak Dow now only 70 points up 12PM. I am hearing US congestion and OBAMA testimony, his stimulus looks nice to hear, but it seems just like fairy tale maybe thats why Dow went from 140+ to now 70+ and who knows where it ends. Also there is no guarantee of it passing in vote.
As far as Our Market is concerned though they take cues from foreign markets, but due to election season, and still lot of bad news, the trend is DOWN DOWN AND ONLY DOWN
Respected OneBull
Nifty is ranged bound between 2700-2850 from past 18 days.Today Nifty closes at 2780 down by 23 points,Sensex at 9090 down by 110 points.Also European market performed a little better today DAX moved up nearly 17 points but FTSE and CAC remains flat.
Also Dow is performing good today up nearly 105 points @ 8061 at 11.00 PM and I think 150 plus tonight.Also iff Dow will tank everyday then how it can sustain.Investors are also waiting for the contours of the second US stimulus package.
Considering all the figures and decline in Nifty today I think there will be a flat to positive opening tomorrow as a short term recovery.I will suggest to book profit @ 2850 and go short at this level..
Also a day trader can buy @ 2750 because there is a lot of short term resistance coming at this level in immediate short term.
Please suggest....:
Nifty is ranged bound between 2700-2850 from past 18 days.Today Nifty closes at 2780 down by 23 points,Sensex at 9090 down by 110 points.Also European market performed a little better today DAX moved up nearly 17 points but FTSE and CAC remains flat.
Also Dow is performing good today up nearly 105 points @ 8061 at 11.00 PM and I think 150 plus tonight.Also iff Dow will tank everyday then how it can sustain.Investors are also waiting for the contours of the second US stimulus package.
Considering all the figures and decline in Nifty today I think there will be a flat to positive opening tomorrow as a short term recovery.I will suggest to book profit @ 2850 and go short at this level..
Also a day trader can buy @ 2750 because there is a lot of short term resistance coming at this level in immediate short term.
Please suggest....:
As we speak Dow now only 70 points up 12PM. I am hearing US congestion and OBAMA testimony, his stimulus looks nice to hear, but it seems just like fairy tale maybe thats why Dow went from 140+ to now 70+ and who knows where it ends. Also there is no guarantee of it passing in vote.
As far as Our Market is concerned though they take cues from foreign markets, but due to election season, and still lot of bad news, the trend is DOWN DOWN AND ONLY DOWN
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nifty levels and marketoutlook for monday and next week.
- Started by rajsumi121
- Replies: 3