30 July 2013

MARKET TREND AND NIFTY TIPS

NIFTY OUTLOOK FOR TOMORROW 
The index was in a  another wide ranging day on the down side it would be in a grip of the bears. Bears have made nifty below 5800 today ,it made a high of 5850 and a low of 5750 in intraday trade.Now, even if there is a pause and no hint of a quick withdrawal of the liquidity tightening measures recently announced, the market will still fall. The levels to watch out for, on the downside, are found between 5740 and 5720 to begin with. Most technical indications are suggesting that kind of a scenario panning out....

In case there were to be a sustainable recovery, the Nifty should be able to get past 5840 only if that happens we can expect further upswing.

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RESISTANCE:5800 5860, 5900

SUPPORT      :5790, 5740, 5710

2 comments:

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