10 July 2013

MARKET TREND TODAY N TOMORROW

BIOCON call given in last post achieved first target today.  
NIFTY OUTLOOK FOR TOMORROW
It made a high of 5879 in early morning trade and a low of 5811 in late trade.The 50-share Nifty index is expected to open higher on Thursday  tracking positive Asian markets. Tracking the momentum, the index may open higher but may retest its key support level of 5850 later in trade today.  In case, there is any profit taking at any stage of the trading session, the first support range would be between 5850 and 5840. Technically, there are no major changes in the technical chart pattern of Nifty which is trading in the range of 5750-5900...
This is going to be a critical battle whoever wins would set the direction of the market for the rest of the month or at least up to the beginning of the week of clearing. Let’s see if these positive cues can help the bulls take the Nifty beyond 5940 decisively. 
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 RESISTANCE:5840, 5890,5920

SUPPORT:     5820, 5790,5720

1 comment:

  1. Same here! Thanks and congrats for the article i have book market it for future reference

    ReplyDelete