31 August 2013

NIFTY OUTLOOK FOR MONDAY

Buy Petronet future above 124 tg 126.50,129.50 sl 121

HINDZINC future call given in last [post achieved all TGTs!!!!!!!!!

NIFTY OUTLOOK FOR TOMORROW
The market has shown a strong pullback on the upside getting past even the 5400-mark for the Nifty. It did cross the 5360-mark decisively in yesterday’s session to give us some confidence of the rally continuing further Nifty made a high of 5476 and low of 5368.
In  such a situation, we ought to monitor the range between 5450 and 5490 very closely since staying above this range the initial supply range we would get the confirmation that the bullish gumption shown over the last two sessions does still have some headroom left to push the market further up...
In any case, we need to watch out for the support area between 5370 and 5400 in case the index starts trading lower than 5350-mark for the lower support range getting broken firmly on sustained selling would signal the end of this pullback corrective swing and the downtrend resuming.
RESISTANCE:5450, 5480,5500

SUPPORT:     5440, 5380,5350

16 comments:

  1. Today IT index was higher, Nifty 2 major it stocks hit 52 week high today- HCL Tech hit 1050.0 while the TCS hit 2069.0......... more live updates FREE STOCK TIPS and NIFTY TRADING TIPS

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  2. These are great tips, and I love your honesty, keep it up

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  3. Thanks for the great tips for beating the market. I guess my problem was not keeping enough stoploss in nifty. I will definitely keep it…

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    Replies
    1. Thanks pallavi. you can also read our other blog Check option

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    2. Thanks pallavi. you can also read our other blog Check option

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  4. OMG whatever u say,but market is very volatile

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    Replies
    1. thanks but we are the best even if the market is volatile Check option

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    2. thanks but we are the best even if the market is volatile Check option

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    3. thanks but we are the best even if the market is volatile Check option

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  5. Dear Deepak,
    Thanks for the helpful post. In two weeks we are trading in profit

    ReplyDelete