Inspite of GDP Numbers, Growth and Inflation has dampen the Sentiments of Market men, RBI refused to cut the Interest Rates and Left Unchanged. Market surprised by this move and lost all its gain made from Morning.
The RBI decided to enhance the ECR limit to 50% of the outstanding rupee export credit for banks, from 15%, a move that will inject Rs 30,000 crore into the system which was seen as an alternative to CRR Cut.
Another Negative suprise is Fitch revised it outlook from "Stable" to "Negative"
So what are the impact on Nifty tomorrow.
It seems Nifty is moving on a diagonal formation of ABCDE - IN 5-3-5-3-5. If 5076 breaks tomorrow then it seems can be looked as an break out and a move upto 5100 / 5115 / 5133 / 5158 and 5190. Good Support at 5030.
Today's Performance :-
18-06-12, 09-17-48 am ****NIFTY-Update**** Nifty Cmp:- 5190 Buy given on Friday @ 5108. 2nd Target also Achieved. Book Profit. Profit 82 X 50 = 4100
(18/Jun/2012 12:40:59): ****NIFTY-ALERT**** :- If Nifty (Spot) able to Break above 5100 then 5130 / 5160 / 5190, Weak Only below 5070, can slide upto 5000. (Trade as per Levels - Follow SL)
(18/Jun/2012 14:07:52): *****NIFTY-Update**** :- Sell triggered in Nifty below 5070. Cmp:5050. Intraday Players Book Profit. More weakness below 5050. REvise SL to Cost @ 5070.
(18/Jun/2012 14:47:19): High Volatile in Nifty - Even though we are still in Profit. Morning Exited Long at 5190 with a Profit of 82 Point (Rs.4100). Now Short Triggered @ 5070 and Booked at 5050. Profit 20 Points (Rs.1000). Always Maintain Strict Sl and Follow Levels Only and Enjoy with Us
(18/Jun/2012 15:06:05): *****NIFTY-ALERT**** :- Buy Nifty (spot) Only above 5076, can Move upto 5100 / 5115 / 5133 / 5158 & 5190. Weak if breaks 5040 may slide upto 5000/4987. Follow Strict SL.
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