13 June 2013

NIFTY OUTLOOK FOR TOMORROW

As we have predicted nifty fell further today also ,it reached the level of 5699 today. It touched a high of 5724 in morning trade and  low of 5695 . International cues being so weak and with the SGX Jun Nifty showing a deep cut of 60 points today. We can well anticipate that the Nifty is likely to open near the 5700-mark. Chances are we might see the Nifty going down below the 5700-mark as well....
Just below the 5700-mark, there is support at 5690, then a significant support level between 5670 through 5660. Below 5650, strong support can be expected between 5610 and 5590. Stating such lower levels does not mean that we are projecting  such levels happening during the day these are just in case scenarios.

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 RESISTANCE:5700, 5740,5780

SUPPORT:     5700, 5660,5620

7 comments:

  1. Great delivery based outlook . Sound arguments. Keep up the amazing effort up.

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

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    Replies
    1. thanks vabhvi for expressing views on our post

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