Strong US economic data supporting the strength in USD index.
Recovery in US will be celebrated by the markets positively.
Locally, the Finance Minister in his Budget speech clearly expressed his resolve
to tighten the fiscal policy. This may prompt the RBI to shift its priorities
from hawkish monetary policy to a growth oriented one at its meeting on 19 Mar.
Until then, Nifty is likely to remain sideways at elevated levels.
Recovery in US will be celebrated by the markets positively.
Locally, the Finance Minister in his Budget speech clearly expressed his resolve
to tighten the fiscal policy. This may prompt the RBI to shift its priorities
from hawkish monetary policy to a growth oriented one at its meeting on 19 Mar.
Until then, Nifty is likely to remain sideways at elevated levels.
Markets Quantified
ReplyDeleteNIFTY 11-Mar-2013
Current Market Situation :
NIFTY current close : 5942
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : sideways
NIFTY dominant cycle period : 18 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5967
NIFTY intraday resistance 2 : 5996
NIFTY intraday resistance 3 : 6037
NIFTY intraday support 1 : 5917
NIFTY intraday support 2 : 5889
NIFTY intraday support 3 : 5847
Markets Quantified