1 October 2013

NIFTY OUTLOOK FOR 03-10-13

Buy IDEA future above 177 tg 181 sl 173
Buy Nifty 5600 put @ 75 tg 102 sl 51
 NIFTY OUTLOOK FOR TOMORROW
Nifty witnessed a narrow range bound session throughout the day. It made a high of 5770 and a low of 5714.Index  should cross  5750 through 5760 supply zone then the bearish pressure would mount and there could be good amount of fresh position build up. To show any potential to regain strength it would have to take out the critical supply zone between 5790 through 5810 and to negate today’s downswing the Nifty needs to close above 5830....
What is very critical for the Nifty is its ability to clear the 5730 through 5750 small range acting as the initial resistance zone unless the bulls are able to sustain the index above this zone, it won’t even show bare minimum strength to expect any recovery.
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RESISTANCE:5780, 5810,5850

SUPPORT:     5760, 5720,5690

2 comments:

  1. Extremely good, very useful and informative,Very good listing and everything is true. I would also like to have articles on indian stock market.

    ReplyDelete
  2. Lovely blog!
    And great post! I am really looking forward to your next post of nifty

    ReplyDelete