11 June 2013

FUTURE TIPS:NIFTY OUTLOOK FOR TOMORROW

Buy RCOM future above  104 tg  106.40,108.80 sl  101.20
NIFTY OUTLOOK FOR TOMORROW
 Nifty fell 89 points to 5,788, its lowest closing level since 18 April 2013. The index hit a low of 5,780 and a  high of 5,868  in intraday trade. Our expectation of a late session recovery has been belied  the weakness continues. Today, the yesterday’s low of 5850 becomes quite important  it got decisively broken the market fell much further...
The rupee today touched a fresh low of 58.98 to the dollar intra-day, dimming prospects of a rate cut by the RBI at its policy review meet Monday. Thus, immediately, the first support levels are between 5850 and 5840 and then the next support zone is found between 5810and 5790.

On the upside as of today unless any corrective pullback taking the index beyond the major supply zone between 5965 and 5980, all rallies would get sold off.

 More about intraday tips on google +
 RESISTANCE:5850, 5880,5920
SUPPORT:     5840, 5820,5800



1 comment:

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