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.
For free nifty tips
fill the form on the right hand side ----->
RESISTANCE:5800 5860, 5900
SUPPORT :5790, 5740,
5710
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