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Nifty Trading Trendfor 18th June,2014

Market Outlook on 18th June 2014

Keep Eye On:FOMC Meeting outcomeIraq situation remains extremely volatile.Govt plans to ease foreign investment in oil, gas sector.- For free trial give us a missed call at +91 8030088464

FII & DIIs ActivityFIIs bought Rs 48 cr in cash while DIIs were net seller to the tune of Rs 236.8 cr.- For free trial give us a missed call at +91 8030088464

Stock Market on 18th June 2014US Stock closed on positive note, NASDAQ closed 0.37% up while Dow closed 0.16% up and S&P closed 0.22% up .Europe too traded in positive territory, DAX closed up 0.37%, CAC closed 0.58% up and FTSE closed 0.18% up.

SGX Nifty trading 4 points down at 8 AM.

India to open flat and sideways movement expected.- For free trial give us a missed call at +91 8030088464

TechnicalMarket to trade in tight range today, after yesterdays smart move in the last one hour.- For free trial give us a missed call at +91 8030088464

Strong Nifty Support and Resistance Support for Nifty: 7570-7590 Resistance for Nifty: 7670 7710- For free trial give us a missed call at +91 8030088464

Fundamental Pick/ Technical CallFundamental Pick of the Day: Buy TBZ Target Rs 335

Technical Call of the Day: Buy Carborundum Universal Target Rs 190,S/L 173- For free trial give us a missed call at +91 8030088464

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