Tuesday, June 4, 2013

NIFTY OUTLOOK FOR TOMORROW

Sell Bank Nifty future below 12290 tg 12250,12200,12160 sl 12340
The calls given of  WIPRO AND HDIL achieved all targets!!!!!!
NIFTY OUTLOOK FOR TOMORROW
Nifty end-of-day chart, you will find quite a bit of fresh weakness despite its lead sector—the Banks—is showing some signs of a recovery. Even then our understanding is that unless  Nifty moving below 5920 decisively we aren’t going to see any big fall This is the most critical level to watch out for on the downside as the first line of significant support. The breakdown of the level of 5921 has to be on the back of large position building in the derivative segment and high volume activity in the cash segment....
Now, while we are betting on a recovery, we need to first ascertain a level above which the index must stay to signal that some recovery can happen this level for the day is at 5950. Once we see the index staying above this level, we can expect a rise towards the next critical supply area between 5980 and 6020- Even then the confirmation that we need for the recovery swing continuing would be had only when the Nifty crosses 6050 and closes there.
Please keep one thing in mind: any rally now would be just a counter swing within the powerful short term downtrend  the indications are stronger that the downswing would eventually resume

More about intraday tips on google +
 RESISTANCE:5940, 5960,5980

SUPPORT:     5920, 5900,5880

24 comments:

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  2. Thanks a lot for expressing a positive opinion on a manufacturing stock after a long time....

    Regards: Nifty outlook

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  8. Hi,

    Your blog is very informative; and you share very good info with us, it’s very useful for every trader and investor especially intraday investors. Today Nifty is trading on a positive note, so any figure can you give about today's closing level. It would be really appreciated.

    Regards,
    Trading Tips

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  9. Loving these reminders for healthy and happy trade deepak. The whole thing about having a neat and low risk high return trade

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  10. Today most accurate trend for bank nifty
    RES1:11735 RES2:11970 SUPP1:11390
    SUPP2:11255 STRATEGY- BUY ON DIPS
    MCX tips

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  11. Thank you, deepak. I appreciate your comment.

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  12. I am really looking forward to your next post of nifty..

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  13. Thanks for great tips for nifty..

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  14. thanks for posting such nice blog on nifty.. thanks for nifty tips..

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