Friday, February 15, 2013

NIFTY TREND:MARKET OUTLOOK FOR MONDAY

Buy Unitech 30 call @ 1.50 tg 2.90,4.80 sl .70
Sell Tatasteel future bel0w 370 tg 361,352 sl 378
NIFTY OUTLOOK FOR TOMORROW
Nifty  ended trade flat at 5887, down 0.16 percent. Intraday price movements in the last session dashed almost all the hopes for a real recovery from the current levels. For the day, we initially need to the small range between 5900 and 5930 since this would be the first hurdle the bulls would have to clear and do that in no uncertain ways to push the Nifty higher....
It must be said that only when you see the index sustaining above this zone, think of going long this market not before that .If we take it that the bulls succeed in doing so then the next supply zone is around 5960 expect a strong attempt to clear the major resistance around 5970 only then.

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RESISTANCE:5900 5950, 5980
SUPPORT      5880, 5850, 5820

4 comments:

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  4. good article.nice prediction for nifty .

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