Nifty Trading Trend for 15th July,2014 An exclusive report by Sharetipsinfo.com
Stock Market Outlook on 15th July 2014 (Market still remains volatile though range of swing has come down. Nifty is still trading below the crucial support of 7458.)
FII & DIIs Activity FIIs sold Rs 558 cr in cash while DIIs were net buyer to the tune of Rs 331 cr on Thursday.
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Stock Market on 15th July 2014 US Stock closed on positive note on Monday, NASDAQ closed 0.56% up while Dow closed 0.66% up and S&P closed 0.48% up. Europe closed on positive note, DAX closed 1.21% up, CAC closed 0.78% up and FTSE closed 0.84% up. SGX Nifty trading on positive note 24 point up at 8:00 AM. - For free trial give us a missed call at +91 8030088464
Technical Till such time we see that the index does not get past the levels between 7531 and 7545 and sustain above the range, do not expect any sustainable recovery. On the other hand, any fall below 7381 through 7360 range would bring in fresh wave of selling.
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Strong Nifty Support and Resistance Major Support: 7380-7420 Major Resistance: 7540 – 7570
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Fundamental Pick/ Technical Call Fundamental Pick of the Day: Buy V2Retail Target Rs 24 Technical Call of the Day: Buy Gujarat Pipavav Target Rs 140, SL 130
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