NSE Stock Market News of October 24-28

NSE Stock Market News of October 24-28

Happy Traders,

     We guaranteed that Golden Nifty will Guide Our Traders during Stock Market. Not only this, we give more knowledge about Stock Market. So this news is one of the steps in that.

·       Last Week, NSE Stock market worked only 3 days

·       Festival Season, so 2 days were holiday, here Diwali mugurth Trading, happened well to compare with last year

·       During that day, investors have invested well in Stock Market

·       Every month expiry contract will end up on Last week of Last Thursday but because of Diwali, the Expiry Contract ended on Last week of Tuesday

The Real facts to get Market Volume Low:

·       Last week RBI interest rate hike rumor

·       Early ended expiry Contract

·       Confused situation of Central Government Politics

·       The Corporation Election happened on Tamil Nadu

·       And also few unforgettable experience was happened on Last 2 years Diwali Season

·       So More investors, didn’t Trade in Stock Market before Diwali. So volume became low till Diwali. But some unexpected thing was happened like Volume, Price of the Market became very high…

·     On Last Week of Monday, Nifty Started with 5116.50 and Friday finished with 5355.50. The Movement of Last week is 219 points.

·       The Closed Price has crossed the Last 100 Days. Simple Moving Average Indicator (+VE Break Out). But it is not stable. Because if whatever happened in World Stock Market, the cause will be consider here. So by considering the Technical correction, Market may come down. 

·       Here, Only on Friday (28-10-2011) Gap up started with 5322 and Thursday ended with 5220. In 1 day, 102 Points has to be filled up, but it didn’t happen. Same Gap up was happened on 4^th of August, this also did not filled up.

·       So the Situation says that Market ready to get down. It can’t be avoided.

·       Coming week, If Nifty gets up, Resistance Level 5494, 5580, 5620. If Nifty comes down Support level will be 5280, 5180, 5080

Conclusion:

     By getting knowledge through this News, Steadily People can Trade in NSE. We covered all situation of Previous Week, Future week and Present Situation of Stock Market.