24 September 2013

NIFTY OUTLOOK FOR 25-09-13

Sell Hindalco future below 112 tg 110,108 sl 113.90
NIFTY OUTLOOK FOR TOMORROW
Equity markets were down everywhere Europe and American markets are down last night and this morning our Asian peers are also trading in the red. The SGX Sep Nifty was flat at 5911 on high volume activity but the bias of the price movement there is downwards. Chances are we would open flat to marginally down in  morning around the 5880-mark. What is crucial during the day is the ability of the bulls to sustain the index above 5850-mark for any sustained price movement below this level would act as a clear signal for further weakness to come.

On the way up above 5850 – 5890 range if it trades with some strength attracting buying support then only expect further recovery else expect weakness to continue.

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RESISTANCE:5850, 5880,5910

SUPPORT:     5840, 5780,5750

4 comments:

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  2. Thanks for great tips for nifty..I find it veryeeasy to plan my next trade as per your nifty outlook

    ReplyDelete
  3. prabhat ch saikia17 October 2013 at 15:07

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