Buy Tatasteel future above 220 tg 224,228 sl 216
Sell Tatsmotors future below 280 tg 276,271 sl 284
NIFTY OUTLOOK FOR TOMORROW
The
market gained strength on Thursday after a two-day fall, but was down
2 percent for the truncated week on growth concerns after the rupee
touched a record low of 61.81 against the dollar. Nifty gained 46 points to finish at
5565, aided by short covering in rate sensitives and metals....
If, at all, there were to be any recovery the Nifty would
have to get past the initial supply zone between 5570 and 5590. This zone is
the first test zone for any failure swing as we may see a positive opening but
the rally might fizzle out even before getting past 5600. For any real
recovery, however, the Nifty needs to get past 5610 through 5650 major supply
zone.
On the downside, the level of 5500 would continue to provide psychological support
On the downside, the level of 5500 would continue to provide psychological support
RESISTANCE:5590, 5640,5660
SUPPORT: 5580,
5500,5450
Indian stock market traded positive, Nifty expected to cross 5800 level Nifty blog
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