Moody’s Investor Services has said in its outlook that the rupee’s depreciation will heighten inflationary and fiscal pressures, factors that constrain India’s sovereign rating. But it said the depreciation will not materially increase the country’s debt repayment burden as foreign currency denominated debt is about 6% of total government debt ..
Fryday …..Profit Booking day …Be cautious … sell on rise book gains later …
Flat opening is expected with extremely volatile session ahead expected nifty intraday range between 5980 -6060 …trade according to trend ..
Nifty futures outlook and levels
Buy at / above: 6084 Targets: 6100 – 6120 – 6139 – 6159
Stoploss : 6064
Sell at / below: 6064 Targets: 6048 – 6028 – 6009.25 – 5989
Stoploss : 6084
sbi intra traded and bang on target call was
Admin: BUY sbin at 1795 1800 sl 1784 tgt 1812 1828
shared at chatroom http://dhanvarsha.in/chatroom/
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Nifty Outlook / futures levels for 19 July 13
