24 May 2013

NIFTY FUTURE TRADING TIPS

Buy Nifty future above 6000 tg 6030,6060,6090 sl 5970
NIFTY OUTLOOK FOR TOMORROW
Nifty started above 6000 but could not sustain this level and ended at 5983 in the last. The highest point it touched was 6003 and made a  low of 5945 today. While we tend to think that there can be a minor short covering rally in the market and the Nifty scaling up by some extent, this rally would once again be used by the bears to press fresh sales at higher levels  thus, there is no scope as such for any bottom fishing in most pivotal stocks especially stocks belonging to the financial sector. They are likely to fall further....
 The immediate support for the Nifty is between 5940 and 5920. If this gets broken then we can see the major demand zone between 5920 and 5870 coming into play to support the market. It would be a very damaging thing for the bulls if, going forward, the level of 5850 gets broken.
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 RESISTANCE:6000, 6040,6090

SUPPORT:     5980, 5950,5920

3 comments:

  1. Great timing! Next week i m planning to trade according to your predictions

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  2. This is brilliant! I spend half of my time for research work but now i can follow your post

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