Buy Nifty future 5870 tg 5890,5910,5930 sl 5840
NIFTY OUTLOOK FOR TOMORROW
Nifty opened higher but could not cross and sustain 5900
today, it made a high of 5897 and low of 5857 in intraday trade Over the last
seven days, Indian market has been one of the best performing markets with the
Nifty posting a gain of 338 points counting from the low of 5566 to the high of
5902 . Now, it has crossed quite a few major hurdles on the way up only the
last significant resistance around 5940-mark is left to be conquered before it
again hits 6000 or higher levels....
We need to see if it manages to do that to
continue this dream run. Now, the first sign of continued strength would be
seen if the index does not fall below 5860 This is the first critical support
area, which unless broken could see the bulls taking the index beyond 5940-mark
as well. The index would show real weakness, however, only when it falls below
the range between 5830 and 5820-mark and closes there as of today. On the
upside, getting past the supply pressure around the 5900-mark, it would face minor
supply pressure between 5920 and 5940o levels and then the levels around 5940
could bring in strong supply pressure as noted earlier.More about intraday tips on google +
RESISTANCE:5880, 5900,5960
SUPPORT: 5820,
5800,5750
This is seriously one of the most useful posts I have read in a really long time, and one of the practical blog post, I am very anxious when it comes to bring all the wrong things with me
ReplyDeleteThanks Check option strategies
DeleteI think this article is really helpful especially for someone like me. I read the whole article and I printed it for reference for later on.
ReplyDeleteExtremely good, very useful and informative,Very good listing and everything is true. I would also like to have articles on indian stock market.
ReplyDelete