NIFTY OUTLOOK FOR
TOMORROW
Indian shares remained lack lustre throughout the
session on Monday with the BSE Sensex closing flat to positive, outperforming
global peers.
The S&P CNX Nifty advanced 6.50 points to
5,704, its highest closing since 25 October 2012. The index hit a low of 5,679
in intraday trade. The index hit high of 5,709.20 in intraday trade ...
The above support zone between 5710 and 5725 is a very strong support area for the day, it is quite unlikely that this would give in just by profit taking rather the market needs to see major selling to pierce this support range .If the Nifty comes close to this support area there would be good buying demand coming in. On the way up, the index needs to take out 5750 decisively to move further up and once 5760-mark is firmly penetrated with lot of volume based buying the bulls would be on a cruise mode.more about intraday tips on google +
The above support zone between 5710 and 5725 is a very strong support area for the day, it is quite unlikely that this would give in just by profit taking rather the market needs to see major selling to pierce this support range .If the Nifty comes close to this support area there would be good buying demand coming in. On the way up, the index needs to take out 5750 decisively to move further up and once 5760-mark is firmly penetrated with lot of volume based buying the bulls would be on a cruise mode.more about intraday tips on google +
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RESISTANCE:5700
5720, 5750
SUPPORT :5680, 5650, 5630