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Saturday, February 4, 2012

Nifty Range>Trading Strategies For Monday 6 Feb

Stock Market Prediction And Nifty Outlook: Tips Trend Range Levels Target For Tomorrow 6 February:- Indian stock markets are trading higher about 10% for the month and it is outperforming the developed market indices by a wide margin.
Reasons For Market Growth This Week:
1) The strong rally was seen due to the revival in FII flows. 
2) The softening of WPI inflation. 
3) The RBI cutting the CRR. 
Factors That May Affect NSE BSE Next Week:- There are few events that could be crucial in giving further direction to the market.
1) In global markets, the developments in Europe.
2) The geo-political developments related to Iran. 
3) In India, assembly election results will be declared in March 
4) And also the coming Union Budget.
Nifty Range :Outlook for Nifty is strong as it is trading above the mark of 5,194. Going forward it may test the next resistance at 5,355 moving above it could test 5,384 while the support is seen near 5,275 and 5,226.
Trading Strategies For Next Week: Investors should be cautious as the Nifty volatility has started to move up from the lower levels.

Also Read: Intraday Trading Strategies

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