27 December 2013

NIFTY OUTLOOK FOR 30-12-13

Sideways movement in a narrow range for the last three sessions, and yet we have not got any clear indication of a range breakout.Nifty  started near 6296 and marched till 6321 and finally ended  6316....

 Monday, the zone between 6280 and 6310 would be quite critical for staying above this range, we can expect an attempt being made by the bulls to take the index beyond the 6330-mark while any fall below 6280 would mean a probable test of 6200 – 6180 support area is on the cards.
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RESISTANCE:6260,6300,6340

SUPPORT:     6240, 6200,6180

3 comments:

  1. worried about monday...

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