Indian Stock Market again smell some bad news around globe and reacted in first half of the trade. Nearly all Pink paper are putting their review for Europe Debt crises and new lows of Rupee. Now all eyes are waiting for “Good” Friday when RBI will review monetary policy. Central bank official would be having great pressure related to Growth and Inflation ratio and USD/INR reference rate. We can’t expect any miracle but if ends with and positive development than India will be Next nation to face crises.
Indian Stock market is getting very volatile these days , after hitting bottom of 4673 there was a sharp recovery 110 points in nifty. TATAPOWER , COAL INDIA , IDFC where top gainer in nifty list on the same hand RANBAXY, STER, And SESAGOA where the top losers. On Friday Nifty is expected to stay very volatile and may touch new weekly high or low. We recommend to stay back from the stock market till RBI put some cherry on top cake.
Nifty Level for tomorrow:
Resistance Level 1- 4790
Resistance Level 2-4815
Support Level 1-4720
Support Level 2- 4660
