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
For free nifty tips fill the form on
the right hand side ----->
RESISTANCE:5850,5900, 5930
SUPPORT: 5800,
5770, 5750
Great timing! Next week I am planing to trade according to your prediction
ReplyDeleteThank you,Deepak , for the wonderful tips. You kept your word. I will be trading accordingly
ReplyDelete