At 9:20 am- Nifty 4923.50, up 13.35 pts or 0.3%, Sensex 16445.10, up 38.35 pts or 0.2%
Today is the day for investors to analyze his portfolio, get rid of junk stocks and recoup his energies for a profitable ride ahead. Market ahead next week will be full of action. So prepare yourself today ahead of others.
WE are expecting some positive announcement on policy front this weekend in Global markets as well as in Domestic market.
MARKET today will open flat and try to consolidate in the first half. It will become volatile in the second half and face technical resistance at 4980, 5035 and support at 4915, 4880. NIFTY will play in the range till the 2nd half trying to break-out. Any close above 5035 with volume may see NIFTY testing earlier highs of 5080 levels. The best strategy is to adopt HIT and RUN trading strategy advised in our weekend posts.
MARKET IN CONSOLIDATION MOOD
NIFTY RANGE 4900-5000
STOCK TO WATCH TODAY 2 Dec:
BUY PRAJ IND CMP 75 STOP 73 TARGET 82
BUY PFC above 173.50 Target : 177,179 Stop Loss : 170.50
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THE FOREIGN DIRECT INVESTMENT (FDI) LIMIT IN THE DISTRIBUTION PLATFORMS FROM 49 PERCENT TO 74 PERCENT. SO SOME MOVEMENT EXPECTED ON MEDIA STOCKS AND CABLE STOCKS WATCH CAREFULL
#SENSEX : 16483 Range : 16410-16660 Resistance : 16530-16560-16660-16730 Support : 16410-16360-16330-16240