19 February 2013

FUTURE TIPS FOR TOMORROW

Buy IDFC future above 164 tg 166.90,169.80 sl 160
Sell Titan future below 262 tg 259,256.80 sl 264.50
NIFTY OUTLOOK FOR TOMORROW
Nifty was up 41 points  to 5,939, its highest closing level since 6 February 2013. The index hit a high of 5,947 and low of 5,883 in intraday trade...
To get an indication of the same, we need to see the Nifty getting past 5940 Only if we see the index trading firmly above this level of 5950, we can expect some more buying happening. However, for a sustainable recovery to happen we need to see the index breaching 5960
On the downside, support is likely to come first at 5860.Now, our understanding is that the index would be range bound between 5830 and 5950 before the expectation for the budget starts building up.
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RESISTANCE:5930 5960, 5980
SUPPORT:     5900, 5870, 5840

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