8 October 2013

NIFTY OUTLOOK FOR TOMORROW

Buy HDIL future above 40 tg 40.80,41.50 sl 39.20
Sell IDFC future below 94 tg 92.50,90.40 sl 96.50
NIFTY OUTLOOK FOR TOMORROW
Nifty witnessed a down fall today .It made a high of  5981 and a low of 5906 toady.
Assuming that we would see the bullish tempo maintained, our first and the key resistance level—as we mentioned earlier—is the zone around 5970 level. Again, if the index were to open around 5970 – 5990 range then the immediate support level ....
Only if you find the index falling below 5885 then expect some real weakness to emerge afresh else the bullish tempo would be carried forward  the bulls would be using buying on dips strategy and try to push through the 5950 barrier.
For now  unless for any reason, the index breaches 5835 through 5810 support zone its bullish gumption would not be lost
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RESISTANCE:5950, 5970,5990

SUPPORT:     5940, 5910,5890

3 comments:

  1. Great outlook ! Next time I will refer it before I plan my trade for next day.

    ReplyDelete
  2. Deepak Thank you, , for the wonderful tips. You kept your word. I will be trading by next week and follow your recommendations.

    ReplyDelete

  3. First of all this post makes me relaxed and well guided for trade in nifty .nifty trading tips given by you are the best.keep it up

    ReplyDelete