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Market Outlook 06.03.12
Market closed with substantiall loss. Market was disappointed with UP election results and especially the performance of the Congress Party through out assembly elections. Expected lower GDP growth of China also pulled the market down. Sensex closed at 17173.29 (-189.58), Nifty at 5222.40 (-57.95) and Nifty future at 5232 (-86.55). BSE Small Cap index was down 1.3% and CNX Midcap Index lost 0.8% yesterday.US markets were closed sharply in red. Asian markets trading lower today
Nifty watch for 06.03.12
Nifty may open down today and may be volatile for the day.
Above 5274 Nifty may try to hit 5299/5312/5327 today.
Below 5225 Nifty may go down up to 5203/5185/5150 today and ........5050 in coming days
Nifty Trading Tip
(Clients only)
Investment Tip
(Clients only)
Day's (06.3.12) Performance
1. Nifty Fut advised to Buy at 5313 on 05.3.12: Booked profit at 5417 on 06.3.12- Profit of Rs. 5200/-
2. Axis bank Fut advised to Buy at 1157 on 05.3.12: Booked profit at 1183 - Profit of Rs. 6500/-
Total Profit for the Day: 11700/-
Day's (29.2.12) Performance
1. LT Fut advised to Buy at 1369 on 28.2.12: Booked profit at 1392 on 29.2.12- Profit of Rs. 5750/-
2. SBIN Fut advised to Sell at 2256 on 28.2.12: 1st target achieved and made a low of 2238 on 29.2.12 - Profit of Rs. 2238/-
Total Profit for the Day: 7988/-
