Buy Reliance 880 call @17 tg 24,28 sl
11
Buy IBrealest 70 put @ 2 tg 3.60,5.20
sl 1.20
NIFTY OUTLOOK FOR TOMORROW
Nifty had a low start but ended in
green by gaining 24 points at 5922.While the index moved in a fairly narrow
range throughout the day, its technical pattern on the daily bar chart shows it
is not in any comfortable position. We need to watch out for is the range
between 5930 and 5940—this is the first critical supply zone the bulls need to
overcome and take Nifty forward....
They would be in a very comfortable situation
if they manage to push the index upwards and make it close above 5970. However,
as of now, that’s look like a tall order.On the other hand,
if there were to be a failure swing that does not take the Nifty beyond 5932
and sustain it above the level then expect selling pressure to build up further.
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RESISTANCE:5950 5980, 6000
SUPPORT 5900, 5850,
5820
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