11/4/2012

MARKET OUTLOOK(12/4/2012):-

NIFTY SUPPORT:-5180
NIFTY RESISTANCE:-5335
TREND DECIDER LEVEL:-5258


MARKET VIEW:- Tomorrow will be an excellent opportunity to do selective buying. Yesterday US and European markets closed deep in red due to again fear of Europe crises surfaces again default. We have already predicted that this rumor will surface again and again creating panic in the world markets. 

But this will result in crude price correction, which will be a huge positive for Indian markets. Today Asian markets opened with relatively stronger note. Now there is strong buzz in the market that for the first time in 3 years RBI will cut rate on April 17^th policy, which will be a huge trigger for the markets. 

Tomorrow Nifty will find support at 5200/5180 level and resistance at 5300/ 5335 level.So use the initial panic to buy selective stocks in midcap space as huge buying seen due to various news items.

HOT STOCK:-  NTPC

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