Nifty Trading Trend for 18th June,2014 An exclusive report by Sharetipsinfo.com
Market Outlook on 18th June 2014
Keep Eye On: 1) FOMC Meeting outcome 2) Iraq situation remains extremely volatile. 3) Govt plans to ease foreign investment in oil, gas sector.
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FII & DIIs Activity FIIs bought Rs 48 cr in cash while DIIs were net seller to the tune of Rs 236.8 cr.
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Stock Market on 18th June 2014 US Stock closed on positive note, NASDAQ closed 0.37% up while Dow closed 0.16% up and S&P closed 0.22% up .Europe too traded in positive territory, DAX closed up 0.37%, CAC closed 0.58% up and FTSE closed 0.18% up. SGX Nifty trading 4 points down at 8 AM. India to open flat and sideways movement expected. - For free trial give us a missed call at +91 8030088464
Technical Market to trade in tight range today, after yesterday’s smart move in the last one hour.
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Strong Nifty Support and Resistance Support for Nifty: 7570-7590 Resistance for Nifty: 7670 – 7710
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Fundamental Pick/ Technical Call Fundamental Pick of the Day: Buy TBZ Target Rs 335 Technical Call of the Day: Buy Carborundum Universal Target Rs 190, S/L 173
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