Sell IDFC future below 154 tg 152.20,149.40 sl 156.20
Buy RPOWER future above 80 tg 82.40,84.50 sl 78
NIFTY OUTLOOK FOR TOMORROW
Nifty was down 19 points to 6,050. The index hit a high of 6,084 in
intraday trade. The index hit a low of 6,040 in intraday trade. Index moved
according to our prediction in last post. On the
charts, we see that despite a last half-an-hour rally, mostly by short
covering, we find some supply at levels higher than 6070 mark is clearly
visible...
Now, assuming that the index would continue moving up beyond the 6070-mark,
its next resistance is at 6095. In fact, the whole range between 6095 and 6130
is a strong supply zone. Even if it were to scale up beyond 6131, it is
unlikely that such a swing would sustain above 6142-mark.
RESISTANCE:6050, 6080,6130
SUPPORT: 6030,
6000, 5980
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