AS ALWAYS UMPIRES’ WRONG DECISION STUMPED RNRL SHAREHOLDERS : WWW.ASHOKSHARMA.CO.CC
RNRL crashed in the last half hour on Friday. Do you know why? Board meeting held on Sunday, but someone somewhere knew the swap ratio on Friday itself.
That’s why we always advice small investors to remain doubly cautious while trading in stock market as GREEDY SHARKS are always on hunt to take small investors for a ride. Market will open flat and remain in consolidation mode in the first half. SEBI-GOD should bless them.
Today Midcap space is the safest and most profitable. Today market will be directionless in the 1st half with resistance at 5280 and support at 5200. If it sustains above 5280 for some time bear will run for cover giving quick fire return in nifty. So be alert today. Opening in European market will provide cue for the further direction today.
The following are the cues to help you in trade today.
· US markets closed today.
· Asian market opened flat to positive.
· SGX nifty is up 6 point.
· Dollar index is below 84.48.
· Gold at $1217 and crude is at $72.27.
· London future is up 7 points at 8 am.
· Dow future is down 11 points at 8 am.
Keep close watch on nifty today any close above 5280 with volume will see a swift bear squeeze which will propel nifty above 5300/5320.
