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.
For free nifty tips fill the form on
the right hand side ----->
RESISTANCE:5900,5930, 5950
SUPPORT: 5850,
5830, 5800
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ReplyDeleteRegards: Nifty Outlook
Perfect spread for happy trades.keep it up
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ReplyDelete