Sell Maruti future below 1500 tg 1482,1466 sl 1522
Buy Nifty 5900 put @ 70 tg 89,102 sl 56
NIFTY OUTLOOK FOR TOMORROW
Infosys will kickstart technology sector earnings with its first quarter results on Friday. This will be its first earnings announcement since the board reappointed the company's founder Narayana Murthy as its executive chairman. Today nifty continued the upward move as we have predicted it sustained above 5900 at the end of the day. Nifty made a high of 5946 and a low of 5910 was witnessed today...
We need to watch out for 5950 Nifty levels since this is likely to be the most critical supply zone to begin with. Once it is taken out, the next levels to watch out would be the range between 5980 and 5990. Only when we see the index getting past 5940 decisively we can expect fresh momentum coming to the upswing.
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SUPPORT: 5920, 5890,5820