Saturday, January 26, 2013

MARKET VIEW:NIFTY TREND FOR MONDAY

Buy IDFC 180 call @ 2.70 tg 4.20,5.90 sl 1.50
Buy Nifty 6100 put @50 tg 74,89 sl 31
NIFTY OUTLOOK FOR TOMORROW
 Nifty advanced 55.30 points  to 6,074.65, its highest closing level since 21 January 2013. The index hit high of 6,080 and low of 6,014  in intraday trade.
We need to monitor the initial supply zone between 6070 and 6100—unless this range is cleared on the back of sustained buying, we are unlikely to see any  of a recovery that is well worth talking about ....
In case of a failed attempt to clear the 6080-mark decisively, expect selling pressure to mount again and the market to fall below even the 6000-mark. The first support level below 6000 is at 5988. Going by the medium term deterioration of the bullish momentum on the oscillator charts, we expect the Nifty to eventually fall below this levels as well. We tend to think that rallies, henceforth, is better utilized to lighten the long positions taken for the short and intermediate term for this correction could well be taking at least couple of weeks or even more.
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RESISTANCE:6060 6080, 6100
SUPPORT      :6000, 5980, 5920

4 comments:

  1. IDFC CALL FOR 28/1/12 SHOULD BE OF FEB. SERIES.
    NIFTY PE IS OF JAN SERIES

    ReplyDelete
  2. NIFTY 28-Jan-2013
    Current Market Situation :

    NIFTY current close : 6075
    NIFTY resistance level : 6158
    NIFTY support level : 5912
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 19 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 6100
    NIFTY intraday resistance 2 : 6129
    NIFTY intraday resistance 3 : 6172

    NIFTY intraday support 1 : 6049
    NIFTY intraday support 2 : 6020
    NIFTY intraday support 3 : 5978

    for more log onto
    http://marketsquantified.blogspot.in

    ReplyDelete
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    ReplyDelete