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Monday, March 5, 2012

Stock Report|Nifty Outlook For 6 March

NSE BSE Performance Report Today|Nifty Outlook For Tomorrow 6 March:- We may see weakness in markets as long as Nifty trades below 5400. Today Nifty started on a lower note and continued to remain under selling pressure throughout the day and finally ended with a loss of 79 points at 5280. Metal and Realty indices lost the most whereas FMCG index ended the day in the green.

Nifty Outlook For Tomorrow 6 March :- Today as the Nifty breached the level of 5300 it is confirmed now that it will be in downside bias. The short term direction continues to remain down till the time it trades below 5400. It is suggested to g for short selling on a bounce back till 5310 with a stop loss of 5380.
Any further downside movement may make Nifty to test 5200 to 5190 range. If it manages to sustain above 5400 then Nifty may test 5560 on the upside. However as of now the trend appears to be pointing at further downsides. 
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