7 March 2013

MARKET VIEW AND NIFTY FUTURE TIPS FOR TOMORROW

Buy Nifty future above 5915 tg 5945,5965,5985 sl 5885
NIFTY OUTLOOK FOR TOMORROW
The market began to surge only at the last trading hour of the day. The ferocious pullback was supported by fresh buying seen in some stocks. The Nifty rallied 2.9 percent in the last three trading sessions finally ended the day on 5863 as we have predicted yesterday.The Nifty could not get past the level of 5860.....
it retraced from levels just below that. Now, crossing the zone between 5860 and 5880 again becomes quite difficult and if there is again a failed attempt today as well then there could be a profit booking led sell-off in today’s session.In the unlikely event of the Nifty going further up and cross 5880-5900 stiff resistance zone then we can think of another fresh intermediate uptrend.
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RESISTANCE:5860 5880, 5900
SUPPORT:     5820, 5800, 5750

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