As mentioned yesterday, Nifty good support is at 5070. It made a low of 5062 but the close is above 5070. If the Nifty trades for sometime below 5070, then likely target is 5030-5007. Inflation will be almost flat this week. If at all its high then the correction is already factored in since last 2 days. World markets are almost flat, but the situation in the US is still bad and can worsen also. Nifty is down 240 points from the recent high.
BE THE FIRST TO BE INFORMED. I am proud to say that I have informed my viewers well in advance about the correction in Indian markets. First information was given on Wednesday 30th April, and finally on Monday 05th May.
Nifty fell down more then 1%, But that could not stop TATA STEEL to touch my target of 849 yesterday.
Steel companies are arguing for the price decline. Some of the commodities face a ban on the future trades. Dollar is getting stronger as compared to Rupee. Re’s 3-day plunge biggest in 12 yrs.
BE THE FIRST TO BE INFORMED. I am proud to say that I have informed my viewers well in advance about the correction in Indian markets. First information was given on Wednesday 30th April, and finally on Monday 05th May.
Nifty fell down more then 1%, But that could not stop TATA STEEL to touch my target of 849 yesterday.
Steel companies are arguing for the price decline. Some of the commodities face a ban on the future trades. Dollar is getting stronger as compared to Rupee. Re’s 3-day plunge biggest in 12 yrs.
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