On the global front US markets closed on a flat note.As for Asian markets, most of Asian stocks fell as the yen strengthened; dragging Japanese shares lower following a three-week rally, before a report on Chinese inflation.SGX Nifty is trading with gains of 12 points. We expect Indian equities to open in green. However the leading indices may remain range bound. All in all we expect consolidation to continue keeping the indices under check. Nifty on daily chart has formed doji candlestick pattern, in this pattern the market explores it’s both upward and downward, but cannot commit either way. if nifty fut sustain above 52week high then we can see upper level up to 8450-8470 if not then we can see some selling up to 8320/8300. Positive buyers --- Bhartiartl.
Posted on: Mon, 10 Nov 2014 03:28:22 +0000
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