Buy Vijaya bank future above 44 tg 45.20,46.40 sk 42.80
Buy IDFC 115 put @ 2.50 tg 3.90,5.50 sl 1.20
NIFTY OUTLOOK FOR TOMORROW
Nifty
lost 20 points to 5682, its lowest
closing level since 15 April 2013. The index hit a high of 5685in and a low of 5645 in intraday trade. Short covering
happened in a big way considering today
being the settlement day for June series of equity derivatives. Now, if we are
to see any real strength the Nifty should not fall below 5680 after opening
higher. The range between 5650 and 5680, potentially the most significant
support area, after the index opens higher, should not be violated....
Sustaining
above 5680 on good buying after the initial intensity of short covering tapers
off would be the most important thing to watch out for. However, we ought to
remember that if the index closes higher today especially if it closes much
higher than yesterday’s levels so we expect
more upward move. Supply pressure would start mounting as we see the
index trying to take out 5660 mark. We see the maximum excursion possible up to
5700 – 5720 range for the day for this is formidable supply zone, which the
die-hard bulls would have to overcome.
RESISTANCE:5680, 5720,5760
SUPPORT: 5670,
5640,5610
Extremely good, very useful and informative,Very good listing and everything is true. I would also like to have articles on indian stock market.
ReplyDeletevery nice !! thank you !!
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