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Wednesday, November 7, 2012

Share Market Trading Tips, Nifty Levels, MCX Commodity Outlook

After the re-election of President Barack Obama, it has increased the probability of quntitative eeasing in US. Indian markets should do fine in near term. It is expected that, markets will remain volatile for the next few days.

Short To Mid Term Calls/ Trading Tips For Next Week:

1) Dabur India - (For 4-5 weeks)
Buy at 123 Target- 140 Stop Loss- 121.
2) Onmobile Global - (For 4-5 weeks)
Buy at 40.50 Target- 46.50 Stop Loss- 37.20.
CESC - (For 1-2 weeks)
Sell at 283 Target- 276 Stop Loss- 287.

Nifty Outlook For Next Week:

In experts view Nifty will move higher to 5,900 levels then slipping to 5,600 as it moves closer to Diwali as volumes are picking up, which indicates that buying will happen in near future. Volumes were high yesterday, they were almost 20 percent higher on an altogether basis and cash markets volumes were higher by almost 24 percent.

MCX Commodity Trend- Gold, Silver Tips

Gold December contract on Multi Commodity Exchange (MCX) was at Rs 30,901, it was a small vriation previous level of Rs 30,664. MCX Gold had reached lowest since August this year to Rs 30,366 on Friday. Gold imports to India could fall to 550 tonnes next year, after touching 967 tonnes in 2011, as high inflation and low income of consumers.

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