24 July 2013

MARKET VIEW TODAY AND TOMORROW

Buy IDFC Aug 130 call @ 2.50 tg 3.90, 5 sl 1.50
NIFTY OUTLOOK FOR TOMORROW
Nifty opened above 6000 but could not sustain this level till the end of the day. The high of 6050 and low of 5067 was made by index today.
The resistance levels to watch for remains the same since the uptrend is still continuing. To start with it would have to cross 6090 then 6105 before it faces the critical supply zone between 6120  and 6140...

On the downside, first support comes in between 6065 and 6050 . So long as the Nifty does not fall below 5950 and closes there the bulls would not be that weak. This current uptrend faces a threat of being terminated only if the index were to move down below 5940

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RESISTANCE:5990 6040,6080


SUPPORT      :5980, 5960, 5920

3 comments:

  1. First of all this post makes me relaxed and well guided for trade in nifty .nifty trading tips given by you are the best.keep it up

    ReplyDelete
  2. Hi deepak,
    Thank you so much for sharing this! It’s perfect since I’m

    ReplyDelete
  3. A very informative article. Thank you for sharing your knowledge.after reading your blog i got much information about option trading

    ReplyDelete