12 April 2013

NIFTY OUTLOOK FOR MONDAY

Buy Reliance future above 780 tg 792,805 sl 767
NIFTY OUTLOOK FOR TOMORROW
 Nifty lost 65 points to settle at 5,528 ,this fall was due to infy results.  The index hit a low of 5,494 and a high of 5,544 in intraday trade. On the downside, the first support is around the 5580-mark but the key support is between 5560 and 5570—to maintain the bullish tempo the Nifty should not fall below this range and stay there for any significant length of time...
. The movement nifty witnessed today would be thoroughly negated if the Nifty will  rise  above the 5580 -- 5600-range and closes there.
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RESISTANCE:5530,5560, 5600
SUPPORT:     5520, 5480, 5450

5 comments:

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