Data to watch for the Week
IIP data Today.
Inflation data for the Month of November 2011 on Wednesday.
Third Advance tax numbers on Thursday.
RBI's Monetary policy review on Friday.
Short Indian Rupee for the day at the open and add more short positions if the IIP data comes lower than the September's data. Keep an eye on Capital goods stocks and the Banking Stocks.They may react sharply to a bad set of IIP numbers.Traders may go long if Nifty Futures crosses 4935 after the IIP data is announced.
Alex Sir's Nifty(Spot) levels
Support for Nifty for the day 4837-4822-4794.Resistance for Nifty for the day 4920-4950.
(To receive the Daily Market Report and Breaking news during market hours, in your inbox, type your email id in the box(Subscribe to Broker King) below the World Map in the blog and click Subscribe).www.brokerking.blogspot.com
For your comments and suggestions Kindly visit our FB page, http://www.facebook.com/pages/Broker-King/115212095212768