Monday, 17 September 2012

Nifty levels for 18th September


NIFTY TRADING LEVELS FOR 18th September


The Nifty opened itself with a good note but failed to go beyond 5652 it had closed at 5610, which indicates it cannot sustain higher levels. From this point onwards the RBI action will decide the course of nifty. It still can touch levels of 5667 and 5679.

If no support comes for Nifty it can go down to touch levels of 5591 and 5567. So traders should look for RBI action and other external market condition such as political events likely to take place.

As I write this post the DOW was 13,562.16  down 31.21(0.23%) (this is for additional info)

Happy trading!!

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