8 January 2013

NIFTY TREND TODAY AND TOMORROW

Buy Mcdowell 1900 call @54 tg 76 ,93 sl 23
NIFTY OUTLOOK FOR TOMORROW
Nifty  bounced back in late trade, helped by heavyweights ITC and HDFC. Nifty closed above 6000 level for the first time in last three sessions on some short covering, rising 13.30 points to 6,001. This means that for three consecutive Nifty opened higher and closed lower and yesterday it just did not recover from 6000. The most critical levels are located between 6000 and 6010 unless this range is decisively cleared you should not be expecting any recovery. ...
On any recovery, unless 6042-level is decisively pierced there is hardly any prospect of the market going up further. As we have been belaboring for quite some time, we continue to believe that without a significant correction on both price and time scales, we do not expect the market to move like a one way traffic.
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RESISTANCE:6010 5640, 5670
SUPPORT      :5980, 5950, 5900

1 comment:

  1. nifty bearish mode now , global cause and profit booking in IT SHARE today , what should do in tomorrow
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