NIFTY OUTLOOK, MARKET UPDATES, INTRADAY STOCK MARKET TRADING TIPS FOR TODAY
On 16th April (Tuesday), Indian equity market surged more than two percent due to strong buying support in selected stocks on expectations of cut in interest rates as inflation eased to a three-years low. a sharp drop in crude oil & gold prices, that is expected to have a positive impact on country’s current account and trade balance, also boosted the investor’s sentiments in the markets. the 50-scrip nse nifty (spot) closed 2.15 percent or 120.55 points higher at 5688.95 points.
Nifty 5755 is monthly pivot... if we break that closing basis. its superr bullish..... So One can halt long position before 5745-55 or keep strict TSL n wait for closing above 5755... so far sentiments n result scenario good .. bt trend changing level.. also We closed above 200dma so minimum 200++ rally expected.... so trade with TSL which comes below 200dma 5656.
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