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Thursday, 23 January 2014

Nifty 24 January 2014 forecast - 23 January 2013

Hi,

Nifty today inched further up towards 6400. 

6400 strike today showed further weakness.

It will be broken surely.

A closing above 6400 is questionable. 

Dollar is cracking badly today, so INR should appreciate today.

FII equity figure is encouraging, but derivative figure is so-so.

Tomorrow is last trading day of the week, so 6400+ levels are more likely as 28th Jan 2014 is RBI policy day.

Anjum S Khan
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