4 January 2013

MARKET TREND:FUTURE TIPS FOR MONDAY

Buy RCOM future above 81.50 tg 82.90,83.40 sl 79.80
Sell HINDZINC future below 139 tg 137.20,134.50 sl 141.90
NIFTY OUTLOOK FOR TOMORROW
Nifty closed week above 6000. The year 2013 gave a good start for nifty , nifty witnessed the level of 6000 made a high of 6018  and a low of 5984.The pattern on the end-of-day chart shows there could well be a good bit of profit taking The index is hinting at a correction. However, if the index does not fall below 5960 on closing price basis the weakness is unlikely to be very great...
On the way up  the same range between 6020 and 6040 would continue to bring in supplies if the range is tested during the day. Thus, unless you see the Nifty getting past the 6040 mark, there is no point expecting further higher levels.
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RESISTANCE:6010 5640, 5670
SUPPORT      :5980, 5950, 5900

3 comments:

  1. Also Considerable that Nifty Closed Above 6000 On Weekly Basis After Two Year Long !

    Intraday Nifty/Stok Tips

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    Replies
    1. yes it is and Nifty @ 6000 is facing huge resistance because of profit booking

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