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
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