12 June 2013

NIFTY FUTURE TIPS FOR TOMORROW

Buy Nifty future above 5800 tg 5830,5860,5890 sl 5770
NIFTY OUTLOOK FOR TOMORROW
Index  extended its  losing streak on Wednesday, as the latest macro-economic indicators showed that a decent recovery was still some way off. Nifty finished at 5760, down 29 points over its close. Index made a high of  5788 and a low of 5749 today. For the day, the range between 5760 and 5750 would be the first line of support while the zone stretching from 5840 through 5870 is the critical supply area, which unless crossed there could not be any sustainable recovery...
As of now, the bias is clearly negative good FII buying support will hold the index from falling further. However, till such time we reclaim the 5950 level for the Nifty, we are not going to see any serious recovery .
More about intraday tips on google +
 RESISTANCE:5750, 5780,5820

SUPPORT:     5740, 5720,5700

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