28 September 2013

NIFTY OUTLOOK FOR MONDAY

Sell ICICI bank future below 925 tg 911 sl 936
Buy Reliance future above 855 tg 869 sl 842
NIFTY OUTLOOK FOR TOMORROW
We are looking at an essentially a flat to marginally positive opening on Monday.
The Nifty is still in a narrow band the boundaries of the band are located at 5860 and 5910. Only if you find either of these two levels are decisively taken out we would see some kind of a directional swing. When we say the boundaries being decisively taken out, we mean a sustained campaign above 5940 or extended period of price movement below the 5850-level for the day....
The downside confirmatory level close to 5850 is a well-known support level.
Unless the narrow band boundaries, mentioned above, are taken out decisively on either side, we are not taking any directional call on the market.
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RESISTANCE:5880, 5910,5950
SUPPORT:     5860, 5820,5790


2 comments:

  1. I also request to keep posting such useful articles for novice and starters in the financial field. In that attempt, I also recommend to get some more information on .Investing is always a good option to increase the returns but types of investments and its methods are only known by good posts and articles like this. Once again, regards for such good post.

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  2. Loving these reminders for healthy and happy trading Deepak . The whole thing about having a good outlook waiting for your next post on nifty strategy

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