Market is trading with flat. Market's short-term trend is bullish. Every decline is buying opportunity. Yesterday market saw consolidation after initial decline. Nifty took support at 5870 level. 5900 is important level to watch today. If nifty trades below 5900 then market has support of 5880,5850. Trader should cut long below 5780. nifty may test support 5835. Nifty will close slight negative.
Sectorial Impact..............
- Nifty close flat to negative .....
- After intial decline buying can emerge in Nifty & Tata steel
- Watch out for DLF & HDIL
- Telecom & Software shares may see bouying....
- Trader can short Reliance future with stop-loss of 1063
Tata Steel ADVANCE SCIENTIFIC Chart 7'th April 2011:-
(Forecasting to happen during Trading Hours)Stop Gambling & Start Investing…..
Bye............
Nishant Jani
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