Saturday, February 23, 2013

FUTURE TIPS FOR 25 FEB 2013

Sell JPAssociat future below 70 tg 68.40,67.30 sl 72.2
Buy IFCI future above 33.50 tg 34.70,35.50 sl 32.50
NIFTY OUTLOOK FOR TOMORROW
Very range bound movement was witnessed by nifty on Friday, index made a high of 5868 and a low of 5838. For today, the levels that we need to watch very closely are the range between 5840 and 5870 to start with and there after for a clear recovery sign the index should get past 5890...
 The large fall  would be negated only if there is a strong close above the 5925-mark for the Nifty, as of now that appears to be a tall order.On the downside, the first significant support is, of course, the range between 5830 and 5810. Once that is taken out the next key support is at 5790.
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RESISTANCE:5850 5860, 5900
SUPPORT:     5840, 5820, 5800


1 comment:

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