16 April 2013

NIFTY OUTLOOK AND FUTURE TIPS FOR TOMORROW

Buy Nifty future above 5710 tg 5725,5750,5775 sl 5680
Index  surged as steep drop this week in gold and oil prices eased concerns of high current account and fiscal deficit and Monday's data showing easing of wholesale price index triggered expectations of an interest-rate cut by the RBI. Nifty jumped 120 points to 5,688 its highest closing level since 2 April 2013....
The index hit a high of 5699.and a low of 5555 in intraday trade.Nifty cross the level of 5700  unless it manages to sustain above it we cannot say that bulls are on driver seat . However, if after a knee-jerk reaction at the beginning if it gets past 5710  then we can reasonably assume the corrective pullback attempt that began yesterday is gathering fresh momentum where one  need to watch out for the supply zone between 5735 and 5770 as a major resistance cum supply zone.
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RESISTANCE:5680,5710, 5730
SUPPORT:     5650, 5630, 5600

9 comments:

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  2. Today gain the rupees strong with 25 paise against dollar 54.08 to US market so gold price down & running around to 25,575 share market intraday tips & nifty future tips

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    Replies
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  4. wish u all happy ram navami...............

    Investor is totally confused which one is better to invest gold or share market because gold price continuous to down & rich the under level of 26,000.

    share market intraday tips

    nifty future tips

    ReplyDelete
  5. First of all this post makes me want to jump in the market and trade! I was already planning on for trade and got a good view about market trend

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