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Nifty Trading Trend on Nifty & Stock Option for 21 May 2014 by Sharetipsinfo
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Transcript of Nifty Trading Trend on Nifty & Stock Option for 21 May 2014 by Sharetipsinfo
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An exclusive report by Share Tips Info
Nifty Trading Trendfor 21 May,2014
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Market Outlook on 21th May 2014
Important Event: “Bank of Japan decision on monetary policy”
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Results to Watch
JK Paper NIIT Ltd UCO Bank
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FII & DIIs Activity on 07rd May 2014
FII & DIIs Activity on 07rd May: FIIs sold Rs 104 cr in cash while DIIs were net seller to the tune of Rs 656 cr.
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Stock Market on 21th May 2014
US Stock closed in negative territory, NASDAQ down 0.70%, Dow Jones down 0.83% and S&P 500 down 0.65%. Europe closed on mixed note, FTSE down 0.62%, DAX down 0.21% and CAC down 0.39%.
SGX Nifty trading 2 points down.
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Stock Market on 21th May 2014
Indian market expected to open flat to negative. Pressure could be seen in the market. FIIs become net seller yesterday first time in May.
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Technical
Some profit taking could be seen in the market today. A healthy correction is expected though midcap and small cap will remain in action.
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Strong Nifty Support and Resistance
Strong resistance: 7300- 7330 Strong support: 7200- 7250
“Stock option tips and Nifty option tips are covered in exclusive Option trading package. Option trading is referred as one of the low risk high return package which requires less investment in the stock market. Globally option trading is the most popular form of trading.“
- ShareTipsInfo.com
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Fundamental Pick/ Technical Call
Fundamental Pick of the Day:Buy Elgi Equipments Target Rs 130
Technical Call of the Day:INOX Leisure Target Rs 132 , SL
118
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Contact Us
Share Tips InfoHead Office: Corporate Office:35,BP,First Floor, D-3, NH-2Above icici bank, NIT,Delhi-Faridabad. FaridabadPin –121001 Pin Code:121001
Contact Numbers:0129-4018445TeleFax - 0129-4019311Website – http://www.sharetipsinfo.com