10 January 2014

NIFTY OUTLOOK FOR MONDAY

Nifty was in uptrend today,it managed to cross 6200 but couldn’t sustain there. Nifty made a high of 6238 and a low of 6144.The index is at a crossroad waiting for a decisive move! In all likelihood, it is headed down once the support around 6140 -level is   taken out. On the other hand, if it were to turn bullish it should get past 6190 – 6210 range firmly without coming down again to violate 6150 on the downside. …
Now, if the index really takes out 6140 on the downside, next strong support range is 6110 through 6090—a breakdown of this range would mean pronounced weakness for most of the large-cap pivotal stocks that populate the Nifty.
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RESISTANCE:6160, 6190,6220

SUPPORT:     6150, 6130,5090

8 comments:

  1. i hope Monday will be very good for trading..

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  2. Reading this article came to know about price premium of various segments in nifty futures and nifty options

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  3. This post is really useful to all the traders and investors on Indian stock market

    ReplyDelete
  4. I appreciate the effort kept by the author for publishing this post. I also request to keep posting such useful articles

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  5. You are such a great analyst and genius on nifty.thanks for sharing.

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  6. NIFTY TRADING TIPS FOR TODAY


    BUY NIFTY FUTURES ABOVE 6320 TG-6335/6355/6390 SL-6290
    Option Tips

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