13 August 2013

NIFTY OUTLOOK FOR TOMORROW

Nifty opened at 5600 and touched a level of 5700 in intraday trade. Thus now we can see uptrend againThe Nifty reacted from a level that was in line with our anticipation. We still believe the range between 5650 and 5700 would be a very difficult supply zone that the index needs to cross decisively before it embarks on any sustainable uptrend or a recovery swing. Prior to hitting 5700 the yesterday’s high—we tend to think it would find some difficulty in taking out even levels of 5660 and 5680 as well.

RESISTANCE:5690, 5740,5760

SUPPORT:     5680, 5650,5630

2 comments:


  1. Great post. I also it very useful for nifty traders like me so now I just don’t bring it. If all else fails, I add it to my blog list

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  2. You are such a great analyst and genius on nifty.thanks for sharing.

    ReplyDelete