Buy Relinfra 460 call @ 7.80 tg
9.90,12.50 sl 5.40
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NIFTY OUTLOOK FOR TOMORROW
Nifty
was to 5,784.25, its highest closing level since 27 February 2013. The index
hit a high of 5,790.10 in intraday trade. The index hit a low of 5,722 in
intraday trade.The Nifty needs to cross 5740 and
stay above that to signal the continuation of the corrective swing. Initially,
after opening the supply zone that we ought to monitor very closely is located
between 5720 and 5740.....
This is the key resistance area: once we see the index
getting past on the back of strong volume activity and fresh long position
build up, we can expect further continuation of the rally.Coming back to the
Nifty, beyond the level of 5740, the next target and the resistance zone is
likely to be seen above 5760. Once this decisively cleared, we can make our
first projection for the nascent corrective swing to anywhere between 5800 and
5820. The mean level of 5835 is a strong resistance anyway.More about intraday tips on google +
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RESISTANCE:5720 5760, 5800
SUPPORT:
5700, 5680, 5650
Thank you so very much for this highly informative post! I sincerely appreciate all your trading tips and suggestions and, of course, Thank you, again.
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