23 April 2013

FUTURE TIPS FOR 25 APR 2013

Buy GMRInfra future above 22.70 tg 23.40,23.90 sl22
NIFTY OUTLOOK FOR TOMORROW
Nifty was up to 5,836, its highest closing level since last month . The index hit a high of 5,844 in intraday trade. The index hit a low of 5,791 in intraday trade. We need to watch out for two ranges 5855 through 5865 on the upside. The levels between 5855 and 5865 might just bring in the potential supply through some profit taking.....
We are expecting a short term top by Thursday that would be primarily led by short covering done by those die hard short sellers who would just not give up but are forced to at least partly pare their positions due to end of clearing consideration .What might pan out from here, even if we were to see a short term top the next trading session, is a sideways corrective swing following this heady upswing. We expect the bullish momentum to continue. Once the Nifty gets past 5865, there is a major resistance zone between 5890 and 5910
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RESISTANCE:5850,5900, 5930
SUPPORT:     5800, 5770, 5750

3 comments:

  1. I really appreciate your post and you explain each and every point very well. The content is amazing, keep posting friend it will be very helpful for everyone .
    stock market nse bse & share market intraday tips

    ReplyDelete
  2. Great timing! Next week I am planing to trade according to your prediction

    ReplyDelete
  3. Thank you,Deepak , for the wonderful tips. You kept your word. I will be trading accordingly

    ReplyDelete