Buy
Coal India future above 306 tg 309.50,312.60 sl 302
NIFTY
OUTLOOK FOR TOMORROW
Nifty broke the narrow range bound session
today and marched till 5909 and ended the day in green. Nifty made a high of
5913 and a low of 5813.
However, what we need to observe is the ability
of the bulls to the Nifty beyond the
initial supply zone 5890 and 5910 once this range is taken out firmly, we can
expect the index to move further up. Next resistance levels are at 5920 - 5950 .
Good strength would be seen as the index gets past 5950....
The pattern on
both the end-of-day price chart and the hourly chart suggests a reasonable
recovery is quite likely from here unless, of course, the index fell below the strong support level of 5700-again,
which may not happen now. Bulls would display real upward gumption once they
take the index beyond the 5885 through 5900 range since the levels close to
5900 had been acting as a distribution zone for most of the last month.More about intraday tips on google +
RESISTANCE:5880, 5910,5950
SUPPORT: 5860, 5820,5790
very nice !! thank you !!keep it up i m regular reader of your blog
ReplyDeleteI adore trading and have been spending last 2 years in market.! That being said I definitely could have used some of these tips. I did learn a bit about trade , and came up with a few tricks of my own.
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