Thursday, January 12, 2012

Nifty Futures tips jan 13 2012

Nifty Futures tips jan 13 2012 : The National Stock Exchange's Nifty slipped closer to important support level as wary investors booked profits after November Index of Industrial Production and food inflation data were released.

Lower revenue guidance from Infosys Technologies pulled down other IT majors like Tata Consultancy Services and Wipro as well. The IIP showed a growth of 5.9 per cent against - 5.1 per cent a month ago. According to analysts, the Reserve Bank of India may not go ahead with CRR cut at its next policy meet. indian nifty futures down january 12 2012
Nifty Futures tips jan 13 2012
We recommend a sell with a stop loss of 4,910 for a target of 4,770. Over the course of next few sessions, the level of 4,680 will assume high significance. Till the time it trades above 4,680, there still is a possibility that Nifty may continue its upside, however a breach of 4,680 would imply the continuation of bearish trend and a retest of 4,530.

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