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