1 August 2013

NIFTY TODAY AND TOMORROW

Buy Nifty future above 5770 tg 5800,5830,5860 sl 5740
NIFTY OUTLOOK FOR TOMORROW
A good volatile session was witnessed today. Nifty started at 5776 made a high of 5800 and dropped till 5669 finally ended at 5726.The onset of the month of August promises to be a cheerful one for the long-tailed downtrend generally act as good reversal signal even if for just the short term we see uptrend....
In the second half of the last trading session, we saw across the board buying barring a few counters among the stocks listed in the F&O segment. This gives us the confidence to think that probably we are headed for another pullback corrective rally.However, for this rally to sustain itself it needs to cross the range between 5790 and 5810 decisively. On further upswing, we have as supply points at 5830, 5850, 5870 and then the major resistance of 5870 through  5880 remains a challenge for the bulls anyway.

RESISTANCE:5790, 5820,5860

SUPPORT:     5760, 5720,5680

3 comments:

  1. U.S. stocks pointed to a broadly higher open on Thursday, after the Federal Reserve gave no indications on whether it will begin to taper its bond buying program in the near future.
    Intraday tips

    ReplyDelete
  2. These are such great tips Deepak Especially for the one about being prepared for trade .This nifty outlook is very useful for new traders.

    ReplyDelete
  3. These are such great tips Deepak Especially for the one about being prepared for trade .This nifty outlook is very useful for new traders.

    ReplyDelete