Nifty Stock Market Trading Trend report for 18 June 2014 by Sharetipsinfo

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Sharetipsinfo.com shares an exclusive report on stock market nifty trading trend for 18th June 2014 which include share market strategies. For further enquiry contact us on +91 8030088464 or visit http://www.sharetipsinfo.com

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An exclusive report by Sharetipsinfo.com

Nifty Trading Trendfor 18th June,2014

Market Outlook on 18th June 2014

Keep Eye On:

1) FOMC Meeting outcome2) Iraq situation remains extremely volatile.3) Govt plans to ease foreign investment in oil,

gas sector.

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FII & DIIs Activity

FIIs bought Rs 48 cr in cash while DIIs were net seller to the tune of Rs 236.8 cr.

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Stock Market on 18th June 2014

US Stock closed on positive note, NASDAQ closed 0.37% up while Dow closed 0.16% up and S&P closed 0.22% up .Europe too traded in positive territory, DAX closed up 0.37%, CAC closed 0.58% up and FTSE closed 0.18% up.

SGX Nifty trading 4 points down at 8 AM.

India to open flat and sideways movement expected.

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Technical

Market to trade in tight range today, after yesterday’s smart move in the last one hour.

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Strong Nifty Support and Resistance

Support for Nifty: 7570-7590 Resistance for Nifty: 7670 – 7710

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Fundamental Pick/ Technical Call

Fundamental Pick of the Day: Buy TBZ Target Rs 335

Technical Call of the Day: Buy Carborundum Universal Target Rs 190,

S/L 173

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