Thursday, March 15, 2012

Nifty intraday analysis Mar 15

Market reacted overly to RBI policy of not cutting the interest rate and dive to 80 points. Weak global cues added more to bears power only. Today Nifty resisted 5420 and 5400 and find support at 5430, 5400 and 5360.

Nifty replaces RCOM and RPOWER with Asian Paints and Bank of Baroda. It will add more panic to Reliance shares mostly under ADAG. Yes Asian Paints is more stable of them all.

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