Wednesday, March 26, 2014

Reliance on focus

All major indices across U S and Europe were trading up last day. When it comes to Nifty a convincing break out above 6600 may lead the index to next step of the bull rally. As we indicated earlier Nifty is lacking the essential elements of unprecedented rally.

Nifty was weakened last day because of Gas pricing dilemma. The negative news may or may not factored in. Reliance and ONGC slipped into red due the news that election commission blocked the gas price increase. Issue may be dragged to the court. 

Nifty analysis last day was made , based on certain levels. We will be publishing the Nifty levels and stock buy and sell entry points to the registered customers later on the day.

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