17 October 2013

NIFTY OUTLOOK FOR TOMORROW

DLF call give in last post achieved first target.
 NIFTY OUTLOOK FOR TOMORROW
Nifty made a high of  6104 and low of 6039 today.Level 6000 provided a support to index.While we can expect a marginally positive opening around the 6100-mark for the index, Thus, today, we need to see the index sustaining above, at least, the 6120-level. In case, it fails to do so its movement could be quite restricted. However, so long as you see 6054 through 6042 range is not violated decisively, the index may not fall further so easily. It could be well be a pitched battle between the bulls and the bears around the critical level of 6070...
On the upside, above 6120, we need to keep a watch over 6150. 6151 and 6160 levels as resistance points. Beyond that 6180, 6205 would be the next  level to keep in mind.

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RESISTANCE:6080, 6130,6200

SUPPORT:     6060, 6040,6000

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