Nifty Future /Share Market / Stock Market Update 11.47PM 8th April 2015
Once again Nifty /Nifty Future took resistance at our 8700/8810 area and consolidated.
If Nifty Future / Share Market starts fast down move then it would be prudent to reduce exposure in long positions both medium term and long term as target for Nifty would be 7961 Nifty spot level.
Lots of individual stocks would collapse if fast down move starts so we must be very careful and watch carefully.
If upside rally has to continue looks like Oil & Gas, Metals would have to take leadership. So we will keep a close watch on both these sectors. At this juncture I don’t see IT & Banks leading.
Will give Nifty Live updates as and when possible
Good Trading To You!