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    HomeNewsBusinessStocksExpect choppy trend to continue: R K Global

    Expect choppy trend to continue: R K Global

    According to a report by RK Global, expect this choppy trend to continue ahead of global uncertainty so trade cautiously.

    January 09, 2013 / 08:31 IST

    According to a report by R K Global, nifty future recovered from day’s low of 5993 and finally closed above 6000 level, it ended almost at day’s highest point at 6043.30 with a hammer candle. It’s refusal of closing below 6000 level is  encouraging for the index bulls, though 6060 still looks tough to penetrate. But, since 5960 is intact on the down side, we hold our positive stance on market.


    Index breadth improved slightly as compared to previous session but still ended on indecisive mode. We expect this choppy trend to continue ahead of global uncertainty so trade cautiously. We still favor some selective strength compared to whole pack, for swing trading purpose.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Jan 9, 2013 08:28 am

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