Nifty closed at 2620 & taken support around 2550. SGX Nifty is down -45 Points. We expect Nifty to open 2560-2570 & move up to 2618 & Close @ 2585-2590.
Nifty Expected Open Price 2560-2565
Nifty Expected High Price 2618-2628
Nifty Expected Low Price 2542-2550 -- Nifty Expected to close 2585-2590
Trader shld Buy Nifty around 2553-2557 with stop loss of 2535-2538 Target Price 2587-2590.
Trader shld wait first 5-10 minute for putting their trade to settle initial trading dust from global market. Same is visible in our Tatasteel Chart down side is seen in opening trade. Those who cant see, Save it on computer & open it.
Tata Steel ADVANCE SCIENTIFIC Chart 9'th March 2009 :-
(We are expecting this to happen during the Market Trading Hours)
Tata Steel is expected to open with Flat to positive effect. As Golbal market is melt down it will have inital jerk. After initial jerks it will bounce from low. but it will loose its momentum in late trading or closing basis. Market will always try to recover from lows but on higher level selling pressure will emerge.
Tisco Last Close 155-156 (6'th March 2009)
Tisco Expected Open 152.5-153 (9'th March 2009)
Tisco Expected High 156-157.5 (9'th March 2009)
Tisco Expected low 150 -151.5 (9'th March 2009)
Tisco Expected Close 153.5-154 (9'th March 2009)
Come join us & Stop Gambling Start Investing. You can send us your stock queries @ vyasnarendra@in.com.
Wish you Happy trading................
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