Buy IFCI 25 call @.50 tg 1.50,2.90 sl .20
Sell Tatasteel future below 270 tg 264,261 sl 275
NIFTY OUTLOOK FOR TOMORROW
The closing of the Nifty yesterday raised hopes in the minds
of some market participants but our prediction of
upward move proved wrong ,bears were able to pull index down to the level of 5655. Index slumped as European and Asian markets dropped
after the Federal Reserve signaled that it may reduce the amount of monetary
stimulus it provides as early as this year and on weak reading for
manufacturing activity in China this monthIt shows that weakness
has been crept in and will continue further.....
The high it made 5670 and a low of
5654 today.The next support, below 5700, would
be at 5685. If this gets decisively violated we would probably see the index
falling below 5630-level as well. It may or may not happen tomorrow but it is quite likely that the Nifty will
finally break 5610
RESISTANCE:5680, 5720,5760
SUPPORT: 5670,
5640,5610
Hello,
ReplyDeleteCurrently Gold is trading @ INR 25420.00. What's your opinion about this rally? Will Gold sustain the level or break down further?
Best Regards,
DreamGains Financials