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Tuesday, 14 October 2014

Nifty forecast clarification


A reader Vetrichelvan.Rajendran has asked for clarification in latest update in our forecast report regarding time band from 14 - 30 October. 

Earlier we mentioned about pressure in this time band, now we are of the view that Nifty should move up with pressure. So we might see Nifty moving up slowly but pressure coming at highs creating confusion in trader's mind regarding future course. 

Conclusion 14 - 30 October 2014 markets are expected to move up but with tremendous pressure coming at highs. No fresh series low closing should be seen, only new series high should come.

Anjum S Khan