The narrow move…..

Though our neighbouring markets in China rose by more than 7%, Hang Seng rallied, we were adjusted for mere good opening to a range of 69 points, on closing basis it is only 47 points added. Can we take this consolidation as an opportunity for tomorrow big move?.

As expected earlier, the Nifty could open at 4361-63 level (low at 4365.45 and high at 4434.90) and crossed the first resistance at 4431-33, closed above the 4415-16 level that is required to expect some positive move from the markets.

The RIL and RCOM move positively to the news as expected. The good thing to note is that the Bharti could cross the resistance at 816-18 level, RCOM could cross 415-16 level. The move in Bharti shall propel a good move to cross the 835 resistance and could trade above 820 levels will give boost to the markets.
The small caps moved, especially the IT stocks gained apart from the fertilizer pack. The new addition of 39 stocks in F&O may increase the over all NSE turnover but the small and mid caps are turning suicide spots in the case of wild swings either side, easily managed by the vested interest groups. It is highly advisable to stick to top 20-30 stocks are with high liquidity with easy exit route.

The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.