19 October 2013

NIFTY OUTLOOK FOR MONDAY

Buy JP Asssociats 47.50 call @1.50 tg 2.70,3.90 sl .80
The call of Tatasteel given in last post achieved all targets.
NIFTY OUTLOOK FOR TOMORROW
Buoyed by the sentiment surrounding international markets , the  Nifty  traded  firmly in the green throughout the day and ended at 6189 The moot point is whether it would sustain at those levels  in our view, it appears likely. In any case, staying above 6140 through  6150  the  Nifty does show signs of initial bullishness. If it manages to get past 6180 and stay above that by the time we would say that bulls have won the battle.....

Coming to the Nifty, we need to see it sustaining above 6100 for a minimum anytime during the day to show the first signs of a recovery. The range that we need to closely watch today is located between 6040 and 6080 this is going to act the key price zone that would tilt the scales for the warring parties—the bulls and the bears.
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RESISTANCE:6130, 6170,6200

SUPPORT:     6090, 6080,6060

2 comments:

  1. I am changing my trade plan and your blog is such a support and source of inspiration to me …Keep it up !

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  2. Great post. I also it very useful for nifty traders like me so now I just don’t bring it. If all else fails, I add it to my blog list

    ReplyDelete