24 August 2013

NIFTY OUTLOOK FOR MONDAY

Nifty rose 63 points to finish at 5471, helped by oil & gas, private banks, capital goods and metals stocks. Nifty made a low of 5388 in intraday trade.Now, it appears that levels below the range between 5350 and 5250 are becoming the floor level where we see lot of fresh buying demand is coming...

Monday, the index needs to stay above the critical zone between 5490 and 5500 to signal continuation of the rally. Next resistance levels are between 5450 and 5470.
RESISTANCE:5450, 5480,5550

SUPPORT:     5400, 5360,5320

1 comment:

  1. I am changing my trade plan and your blog is such a support and source of inspiration to me …Keep it up !

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