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Tuesday, March 17, 2009

Market Pridiction Vs Real Market - 17'th March

Nifty Forecast for 17'th March :-
We expect Nifty to open 2790-2795 & move up to 2818 & Close @ 2755-2759. Aggressive Traders can short Nifty future between 2810-2820 with stop loss of 2834. Nifty profit target is 2770-2778.
Nifty In Real Market 17'th March :-
Nifty Opened 2780 & Made High of 2805 against forecast of 2810-2820. Trader got good return on his short sell. Nifty closed 2757.5 against forecast of 2755-2759.
TataSteel Forecast for 17'th March :-
Tata Steel expected to open 169-170. Tata Steel will make a high 173-174 & low of 163-164.50. Tata steel will close around 165.70. Aggressive Traders can short Tata Steel future between 172.40-173.70 with stop loss of 175-176. Tata Steel profit target is 166.7-168. Market will always try to recover from lows but it will find selling pressure on every higher level today.
Tata Steel in In Real Market 17'th March :-
Tata Steel Made High of 174-175 in opening trade (Forecasted). Tata steel initially resisted but failed to hold on later trades. Tata Steel 174 & Made High of 175.5 against forecast of 173-174. Trader got Rs 5-6 gain on their short sell.
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Wish you Happy trading................

1 comment:

Anonymous said...

Hi Narendra,

Your daily technical analysis and market prediction for Tata Steel has been quite accurate. I am an options trader looking forward to your daily analysis of RIL.

Wishing you success