Trade deficit rose 56.2%, Best Trading Idea for tomorrow with support and resistance

Market Closing- 
Nifty closed with lose of 61.95 points or 1.01% Next day support is 6030.0 Sensex closed at 20490.96 points or 0.85% tomorrow support is 20370.0 Indian Rupee down 77 paise closed at 63.24

Market Data- 
The trade deficit figure for October, announced earlier in the day, rose to $10.5 billion as against $6.7 billion, up 56.2% month on month (m-o-m). This was in line with estimates. Not good, but not bad too, say experts. Imports rose to $37.8 billion versus $34.4 billion, and exports dipped to $27.3 billion as against $27.7 billion in the previous month. This is an increase of 9.8% for imports and a decline of 1.5% for exports on an m-o-m basis.

Trading Stratergy for Tomorrow 12/11/13- 
Adani Enterprises- Today Adani Enterprises hit high of 241 but here is best resistance of 252.0 if it break these resistance then we can see it at 280.0
Tata Steel- Tata Steel in wait & watch condition after today closing, wait for brake 366 level than buy above 366.0 with TGT- 390.0 and if it come under 345.0 than sell below 345.0 with TGT- 320 to 310.0

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