9 January 2013

FUTURE TIPS FOR TOMORROW

Sell LT future below 1550 tg 1535,1505 sl 1569
Mcdowell call given in last post achieved first target.
NIFTY OUTLOOK FOR TOMORROW
Nifty was down by 30 points   5,972 , as per provisional figures. The index hit a low of 5,958  in intraday trade. The index hit high of 6,020  in intraday trade. Our market staged a smart rally from the mid-session to close above the 6000-mark again. However, problems remain as the range between 6010 and 6020 has not been cleared decisively ...
Immediately upon opening, the levels between 5990 -6000 are going to act as the critical support level to start with. So long as this range is not violated the bulls would continue to have the advantage they regained On the way up, once the index clears 6030 mark, we can hope for a retest of 6050-high.
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RESISTANCE:6010,6055,6080
SUPPORT      :5980, 5950, 5900

1 comment:

  1. what do you mean by 5640,5670 in resistance levels?

    ReplyDelete