14 September 2013

NIFTY OUTLOOK FOR MONDAY

Sell Tatasteel future below 300 tg 293,284 sl 308
Buy JPpower future above 17 tg 17.90,18.70 sl 16.20
NIFTY OUTLOOK FOR TOMORROW
Chances are that we might see the corrective swing continuing in Monday’s session. We need to keep a watch over the levels of 5840 through 5830 range as initial support and then comes  of 5815. However, so long as the level of 5780 is not broken the bulls can always stage a bounce back. One thing needs to be kept in mind that this is the first course correction and it can always go down and test levels between 5750 and 5725 for the Nifty. On the upside, unless the Nifty can cross the range between 5890 and 5910
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RESISTANCE:5850, 5930,5980
SUPPORT:     5840, 5780,5750

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