Tuesday 8 May 2018

NIFTY TREND

Nifty Spot  today closed 5 points down @ 10718.  Bank Nifty Spot closed at 26090, 190 points up from previous close.

It is very strange to see main component of  nifty moving up by 190 points still nifty has not gained anything out of the move. Of course, the moves what we see are accidental; but if we look closely inside, it is a deliberate attempt to move few scrips without paring gains to main index.

This means CEs have not made any gains today. Coming days are going to be crucial and it is prudent to trade with short term perspective.





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