18 May 2013

NIFTY OUTLOOK FOR MONDAY

Nifty opened on a firm note slipped in to red then recovered and again closed at positive note 6184. Our market has been able to build on the momentum gathered last Wednesday and added some  points to the Nifty tally. Now, the index is coming closer to another major target-cum-resistance at 6200....
This is going to act as a potentially strong supply zone that the bulls would have to take out before they post further gains. Monday  we need to watch out the Nifty performance around the supply zone between 6200 and 6220. In case, it manages to get past this zone as well we may see it moving up to test the next critical supply area between 6250 and 6270.

More about intraday tips on google +
 RESISTANCE:6180, 6210,6250
SUPPORT:     6150, 6130,6100

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