5 November 2012

NIFTY TIPS FOR 6 NOV 2012

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 +
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RESISTANCE:5700 5720, 5750
SUPPORT      :5680, 5650, 5630

6 comments:

  1. is there any chance to reach tata motors around 290 before diwali.

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  2. Hello Sir,Tatamotors have major resistance around 278 levels,it seems difficult to reach 290 before diwali but quite possible in december.

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    Replies
    1. As predicted Tatamotors has touched 310 in December

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  3. 278 will be the last upto the diwali..

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