1 May 2013

NIFTY OUTLOOK FOR TOMORROW

The Nifty closed at 5,926 , up 22.05 points  It touched a high of 5,962.and a low of 5,867 in trade today .The ground is being well prepared for a volatile range-bound trading scenario. The market has reached the levels close to the strong supply zone—the levels beyond 5900 are likely to act as a major supply zone. As it is, supply pressure is going to be there for any move above the 5900-mark today and on top of that the range between 5920 and 5940 is a major resistance area that the bulls need to take out successfully however, the task is not so easy since crossing the above range and bulls would face supply pressure again around the 5950-mark ....
While the journey from the 5900-mark to the 6000-mark may be punctuated by supply pressure, the bears would also face a barrage of buying demands at lower levels—the range between 5880 and 5850 is the first line of support for the bulls that the bears need to penetrate.
More about intraday tips on google +
For free nifty tips fill the form on the right  hand side ----->
RESISTANCE:5930,5960, 5990
SUPPORT:     5900, 5850, 5800

1 comment:

  1. Such great advice and tips I will keep them in my back pocket for my long trading move.

    ReplyDelete