10 October 2013

NIFTY OUTLOOK AND OPTION STRATEGY FOR TOMORROW

For Rocking calls visit our blog option strategy .
NIFTY OUTLOOK FOR TOMORROW
As we have predicted nifty sustained above 6000 and made a high of  6032 and a low of 5986in intraday trade. We are expecting a positive result in INFY  with a uptrend in the market. On the way up, above  6030- 6070 and 6080  are the resistance levels before it hits 6090—6100 supply zone. Major resistance, however, is located at 6100  for the day....

Unless the Nifty falls below the  range between 5970 and 5950  , the bulls would have no problem pushing the index further up even if there were to be any dip initially—in fact, that would be a good opportunity for them to add to their positions.
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RESISTANCE:6030, 6070,6100

SUPPORT:     5990, 5980,5960

3 comments:

  1. Thanks Deepak its really good to know about the support and resistance of the nifty

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  2. Most Welcome MK,if you are intesteted in options we have one more blog
    http://optioncallputtradingtips.blogspot.in/

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

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