19 June 2013

NIFTY OUTLOOK FOR 20-JUN-2013

Tata motors future call given yesterday achieved target and the call of ITC was not executed.
NIFTY OUTLOOK FOR TOMORROW
Nifty closed at 5822 nearly 9 points up today. There was not much move witnessed in the market ,5810 acted as support line for index. It fluctuated nearly 15 points above and below. The three day old rally in the Nifty has been halted at the altar of profit taking in the much anticipated supply zone between 5810 and 5830 ....
Now, we have two important levels to start with—they are 5840 on the upside and 5790 on the downside. These two levels outline the crucial contours of the battle lines, between the bulls and the bears, during the trading session.Now, if the Nifty moves up again for any reason beyond 5850, expect 5860– 5875 to offer significant resistance. Looking at the overall chart pattern and things like weakness of the rupee and crude oil price rising we tend to think any such rally is best utilized to come.
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 RESISTANCE:5840, 5880,5900


SUPPORT:     5820, 5800,5760

4 comments:

  1. I love this post! I need to trade so I can make the good profit. Thanks so much for the great tips.

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  2. GOOD NIFTY OUTLOOK
    A very informative article. Thank you for sharing your knowledge.

    ReplyDelete