Friday, October 31, 2008

Trend analysis

Today trend was on dot for positivity!

I expected the 2800+ range for Nifty, with about 4% jump over previous day.

Did close 83 points plus.... overall 183.55 points increase, 6.53%.

OK, when I post Monday morning, let me analyse, on the trend and accuracy!

As expected Metal Stocks were hot, and traded well.

+ Hindalco Indus.60.20+13.2613421925

+ Tata Steel210.10+12.143811675

+ Ispat Industries11.75+4.443961092

Keep an eye on Rupee and if it hovers around Rs 50 per Dollar, you can expect export houses and IT to shine, later.

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