Sell IDFC future below 172 tg 170,168 sl 174.50
More about intraday tips on google +
Buy HDIL future above 121 tg
122.90,123.80 sl 119.80
The call given in last post didn’t executed
today.
NIFTY OUTLOOK FOR TOMORROW
Equity benchmarks tumbled Wednesday,
as investors chose to take some money off the table thinking the market to have
topped out for the time being. Also, RBI governor D Subbarao's statement that
inflation was still high is being viewed as a signal that the stock market
cannot take a interest rate cut on January 29 for granted.Nifty decline
54 points to settle at 6001 today....
The
index needs to stay above the range between 6040 and 6050 to move up further
however, even if it were to come down unless you see it breaking down below the
support range between 6025 and 6010 we don’t think bulls would have any major
concern. On the way up, high of 6070 is the first resistance to overcome but
the major supply pressure might come in between 6080 and 6100 range. As of now,
the bulls do not have much to think about but in any corrective swing now if
the index were to move down below the 5900-mark, we may see a correction that
is quite large in terms of both price and time.More about intraday tips on google +
For free nifty tips
fill the form on the right hand side ----->
RESISTANCE:6010 6050, 6080
SUPPORT :5990, 5950,
5920
