The Nifty and Sensex closed marginally higher after witnessing volatality throughout the day.However sell off was seen in capital goods and select auto and metal stocks.Nifty gained 12 points to close at 2807 having swung 50 points in intraday.
Nifty with all the volatality still managed to close above 2780 which indicates that the uptrend is still intact ,once the consolidation gets over markets could zoom up ,the first target bieng 2950,then above that 3100 levels also possible.We will take the agressive position as and when days go by.But we remain cautiously positive at this moment.Once we get positive indications like crossover of 2830-2835 levels in nifty aggressive positions might be taken.There is good activity in many midcaps which we are concentrating.Traders can have a good time next week.For details on individual counters email or call .
No comments:
Post a Comment