Yesterday
Nifty future closed 6166 on 19th Feb 2014 up by 27 point. Nifty
recovered as per chart End of day after choppy or range bound trading.
Today
SGX nifty future down by 51 points at 6117 (predicted in weekly outlook given
on Sunday to paid clients). American market closed negative yesterday. Asian trading lower or
negative (predicted in weekly outlook given on Sunday to paid clients).
Today
we expect nifty to take support around 6120 or 6100 at lower level and
resistance around 6170. We have mixed trend but mostly negative. Today we see
initial gap down effect in market then short covering at end of market. FOMC
meetings minutes announced yesterday night in America. FED Continued tapering
in America. Today nifty future may make a low around 6100 around 11:30 to 12:00
p.m. means we will be falling from opening point of day for approx 50 to 60
points. We will recover because of short covering at end of day only. Today at
a closing time we will be trading 20 to 30 points down. We will be closing
negative 15 to 25 points.
NIFTY INTRADAY SCIENTIFIC CHART 20'th Feb 2014
(Expected to happen during market timing)
FOMC
meeting meets outcome:
The Dow and S&P 500 shed more than
0.5%, and the Nasdaq
lost 0.9%. Tech stocks have been hot lately though. The Nasdaq has gained for
the past eight days.
The Fed released
minutes from its January meeting in which it decided to further
reduce, or taper, its monthly bond purchases. Though last month's decision to
continue to cut back on its stimulus measures was unanimous among the Fed's 10
voting members, investors looked for hints of how the Fed might act in the
future.
To that end, the Federal Reserve indicated that it may scrap its
6.5% unemployment rate target for raising the key federal funds rate since the
jobless rate is quickly approaching that threshold despite weak gains in
hiring.
Additionally, the minutes indicated that there were some Fed
officials who debated the possibility of raising interest rates sooner than
anticipated as the economy improves. The Fed has otherwise maintained that it
intends to hold down interest rates for the foreseeable future until the
economy is stronger.
(source
:- Leading websites.)
Thanks
& Regards
Nishant Jani
9374083399
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