26 April 2013

NIFTY OUTLOOK AND FUTURE TIP FOR MONDAY

Buy IDFC future above 156 tg 157.90,159.40 sl 154.20
NIFTY OUTLOOK FOR TOMORROW
Nifty was down 44 points to 5,871, its lowest closing level since 23 April 2013. The index hit a high of 5,907 and a low of 5,860 in intraday trade. Massive short covering during the last hour of yesterday’s session saw the Nifty rise from an intraday low of 5860 to close at 5871. We may see an opening above the 5900-mark.
We continue to think that even if the index were to move above the 5900-mark move above 5920 it would not be able to cross the major supply zone between 5940 and 5970 without giving at least a minor correction. One thing ought to be said here that we are not expecting any major correction right away since there are clear technical indication that our market seems to be headed higher and scale up new highs going forward. We only witness  minor range bound trading kind of a correction for some days and again the resumption of the intermediate upswing.
More about intraday tips on google +
For free nifty tips fill the form on the right  hand side ----->
RESISTANCE:5900,5930, 5950
SUPPORT:     5850, 5830, 5800

4 comments:

  1. Nice Blog, Good information about stock market, it is very informative and helpful. I always ready to read this type of blogs.
    Regards: Nifty Outlook

    ReplyDelete
  2. It was a informatory post and it has a significant meaning , thanks for sharing the information.
    Would love to read your next post too…….
    Nifty Outlook

    ReplyDelete
  3. Perfect spread for happy trades.keep it up

    ReplyDelete
  4. Thank you so very much for this highly informative post! I sincerely appreciate all your trading tips and suggestions Thank you, again.

    ReplyDelete