Buy Nifty future above 5875 tg
5900,5925,5950 sl 5850
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NIFTY OUTLOOK FOR TOMORROW
The end-of day chart of the Nifty shows considerable weakness
and we could witness further downfall.
The index has fallen below the critical level of 5860 on closing price basis.
It looks well set for negotiating fresh selling pressure once the bulls failed
to take it beyond the most significant supply zone for the day, between 5870 and 5885....
Unless the
Nifty quickly recovers, to levels above the 5885-mark, it is likely to see lower
support levels of 5820 through 5800.So long as the 5800-mark is held by
the bulls, there would not be much problems to stage a bounce back however, any serious fall below 5756 in the
current downswing could prove to be quite damaging. It might lead to the
corrective swing continuing for longer time period and price amplitude.More about intraday tips on google +
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RESISTANCE:5880 5850, 5820
SUPPORT :5800, 5780,
5750
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