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GEPL CAPITAL Morning Note
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Your morning coffee with the market
outlook for the day, technical views,
commodity, debt update and more ..
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The fundamental team lives up to the GEPL tradition of client
wealth maximization. The team is uniquely working towards identifying the under
researched stocks and grow as they grow along at a rapid pace.
GEPL CAPITALTechstock, a weekly investment idea is one such
story other than the several reports released by the team. The
research team is constantly towards identifying profitable technical stock picks
for intraday and short term participation. They achieve well over industry
average call rates.
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GEPL Technical: Today Market View
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S & P CNX NIFTY
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Short Term View: Finally a strong upward breakout was seen in Nfity with gap up opening forming intraday high at 5542. After the upward breakout of 5450 Nifty is likely to test the positional target of 5600 in next few trading sessions. Now the important level to watch is placed at 5660 as a strong resistance which is 62% retracement of the entire fall from 6350 till 4540. The level of 5350 is a crucial support below which short term trend reversal may be seen.
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Positional View:
The intermediate trend of Nifty has changed in upward direction after crossing the level of 5300and now will remain in upward direction till it trades above 4800 levels.
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