Thursday, September 8, 2011

Market today

Stock market on wednesday dowjones gain almost 275 point and nasdaq too gain major indices gain subsequently so ques for asian and indian market positive ,hangseng index now trading marginally higher and nikkei higher above .5% of its previeous close wherver sgx nifty just up 10 point around 5128 .

opening of indian stock market look flat to positive start and due to some specific buying nifty gain further and myview nifty get resistence around 5165-70 still i recommened sell nifty around 5150 with stoploss of 5172 for a target of 5040 in intraday day i advice if they can hold for 3-4 days then dont book profit just hold on for 3-4 day with stoploss of 5105 ,nifty may break its old low innext week andinvestor get better profit.

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