Indian
Stock Market Trend 12 August :- The Asian Markets today 11 August managed to overcome the sharp sell-off in the Western Markets last
night, and finally closed with marginal cuts. india too moved in
tandem and closed in a tight range. The uncertainties in the Global
Market still persists. For the time being, as long as Nifty sustains
the level of 5000, it is still ok. rather as per the present
situation 5000 level is considered to be a safe level to buy for
quick gain. below 5000, again the possibility is there for nifty to
come down at 4800-4700 levels. In the upper side 5235 is strong
resistance of nifty and 5300 is a rock solid resistance which is very
difficult to break for the time being. We may expect some pull back
rally for the time being, but i think it will not sustain for very
long. in a nutshell some selling pressure is being expected near 5300
levels. So the conclusion is, try to make money by means of intraday
and also try to keep yourself in green, till the global experts find
out some good solutions to get rid of the uncertainties.