18 September 2013

MARKET TREND:NIFTY TIPS FOR 19-09-13

Buy Nifty future above 5950 tg 5980.5610,5640 5910
NIFTY OUTLOOK FOR TOMORROW
Nifty started the day in green but slipped below 5850 the support line of today for  some time .Index again gained the pace and was able to cross 5900 on the sustainable basis today. The high of 5915 and a low of 5841 was witnessed by index today. In view of that we have to monitor a narrow range both on the up and downsides...
On the way up, we need to monitor first the range between 5870 and 5900 .One thing we ought to remember is that trading today could well be  restricted between 5830 and 5870 the outer levels of the larger range up to 5918 or down to 5780 may not just pan out in today’s session. We have mentioned them as significant support and resistance levels.
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RESISTANCE:5850, 5930,5980
SUPPORT:     5840, 5780,5750


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