Monday, June 18, 2012

Nifty outlook for 18 June 12

Gap up opening  is expected as global and Asian sentiments turned highly bullish .
trade with strict stop loss placed in system .
Greek news having positive effect 
We are waiting for RBI credit policy ,25 Basis points rate cut is discounted but if RBI will reduce rate by 50 basis points then financial, reality and auto sector will start flying and we will see higher levels in Nifty and bank nifty .
Technically Nifty is trading at crucial level and may move to any direction from here.
again repeating same thing here 
after huge gap up of 0.8 % and above we can see 
 range trades at opening level 
 profit booking-fall from there
 short covering -more up side move 
every thing depend on traders sentiments and news inflow.
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