23 July 2013


Nifty managed to sustain above 6000 throughout the day. It made a high of 6091 and low of 6034 today. Nifty July series, which has been on a rollercoaster ride since the beginning is mostly likely to end at 6100. If there were to be any upswing despite quite a few pockets of weakness, we need to watch out first for the range between 6080 and 6100 and then the small range between 6120 and 6140 ....
And with a close above 6142, we can expect it to scale up towards 6200-mark  however, we are quite  about its going beyond 6160 decisively right away.Range bound trading activity likely again. We have our signposts clearly demarcated, play accordingly.
 RESISTANCE:6080, 6120,6160

SUPPORT:     6060, 6020,5980

1 comment:

  1. Great nifty outlook - I thought I'd add that I always trade with your recommendations