Saturday, December 8, 2012

NIFTY OPTION TIPS FOR 10 DEC 2012


NIFTY OUTLOOK FOR TOMORROW
Nifty opened near 4940 but could not  sustained above it and dropped till 5904 at the end of the day.The Nifty looks well set for another gap up opening on Monday  morning above 5900. Initially, we need to monitor the price movement around the first key price zone between 5920 and 5940 if the index stays above 5940 on sustained basis then we can expect it to climb higher....
The next significant resistance above the psychological 5950-mark is at 5979. Once this is cleared we are headed for a test of 6000-level. However, our projection—despite this buoyant sentiment for the current upswing continues to be the zone between 6010 and 6025. We do not expect this range to be crossed at one go without some consolidation at levels below this range.
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RESISTANCE:5940 5960, 6000
SUPPORT      :5900, 5870, 5830

4 comments:

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    By
    John Methew
    Options Trading

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