Buy Nifty future above 6061 tg 6089,6105,6125 sl 6035
NIFTY OUTLOOK FOR TOMORROW
After 9 months, RBI has finally announced a
Repo cut which could be the beginning of further cuts this year. On the
basis of current assessment and in line with the policy stance outlined in
Section III, the Reserve Bank announces the following policy measures:RBI cuts
REPO rate and CRR by both 0.25%. Market expected this and same has come just
CRR is some surprise but that is not to big one. The Nifty closed at 6049.90,
down 24.90 points after touching a high of 6,111.80 intra-day....
The index managed to close at the same level and it oscillated within a
narrow range. Tomorrow the key levels to watch out for initially are located
between 6065 and 6050—if the index were to fall below this range on good volume
based selling expect the index to move further down. Next worthwhile support
below the level of 6050 would be at 6035. Once this level is taken out we can
expect a test of 6020 and 6010 range. However, panic like situation will come
to pass if the level of 5987 also gets pierced.
More about intraday tips on google +
For free nifty tips
fill the form on the right hand side ----->
RESISTANCE:6060 6080, 6100
SUPPORT :6030, 6000,
5980
I really appreciate your post and you explain each and every point very well. The content is amazing, keep posting friend it will be very helpful for everyone .You made some good points. Thanks for it. Regards with Intraday Commodity Tips
ReplyDelete