19 November 2013

MARKET TREND TODAY AND TOMORROW

Buy HDIL future above 48.50 tg 51.20,53.40 sl 45.90
NIFTY OUTLOOK FOR TOMORROW
Despite of bearish performance market is bullish this week. Nifty started near 6200 was able to cross it but couldnot sustain the level 6200 till the end of the session. Nifty made a high of 6211 and a low of 6188 in intraday trade....

The market sentiment was bearish during the week gone by and the Nifty closed in the red on all trading sessions of the week. Technically, the outlook for the Nifty remains bullish. From a medium-term perspective, only a breach of the swing low at 5,700 would damage the bullish set-up. Nifty range of 6210 -6230 is to be monitored keenly for if this is crossed we will see more upmove in index. The level of 6200 will give a good support to the index.
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RESISTANCE:6200,6240,6250
SUPPORT:     6180, 6130,6000

1 comment:

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