Nifty Trading Trend for 30 April,2014 An exclusive report by Share Tips Info
Events & Results to Watch:
US Q1 GDP Number March Core Sector Numbers LS election phase 7 : 140 million vote for 89 seats toady
Kotak Mahindra Bank IDBI Bank Petronet LNG
FII & DIIs Activity on 28th April 2014:
ď Ź
FIIs bought Rs 288 cr in cash while DIIs were net seller to the tune of Rs 551 cr.
Stock Market on 30th April 2014: US Stock rallied as Internet stock rallied for the first time in five days. Result of Merck and Sprint beat estimate. Europe too rallied on account of good earning.
Nikkei is trading in green ahead of Bank of Japan Meeting today. SGX Nifty is trading 26 points up. India to open in positive territory, holding above 6750 will give confirmation of strength. Otherwise the market will be sell on rise. Cautious on market stock specific movement could be seen.
Technical: ď Ź
Nifty to show some early gain, sell on rise is the strategy. If the Nifty were to move down below the level of 6700- 6710 we can see further downside of 50 to 70 odd points and on upside Nifty will take resistance at 6750-6760 level.
Fundamental Pick of the Day:
Buy SRS Ltd Target Rs 38 Technical Call of the Day Buy Tata Coffee Target Rs 1043 , S/L 1010
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