8 January 2014

NIFTY OUTLOOK FOR TOMORROW

As we have predicted nifty was in range of 6140-6170.Nifty made a high of 6195 and a low 6166 in intraday trade.. While it did bounce back to levels above 6190 but it fell again to close at 6162. We need to watch if it manages to get past and stay above 6170 – 61930supply zone firmly to signal some kind of a recovery or else it may slide down and test or take out 6140 to head further down...
Technical position still remains weak but going by the late recovery in banks in the last session and the international cues being quite positive there could be a recovery tomorrow  but first it must fulfill the above condition.
More about intraday tips on google +
RESISTANCE:6160, 6190,6220

SUPPORT:     6150, 6130,5090

2 comments:

  1. waiting for next nifty future blog...

    ReplyDelete
  2. great tips u have given..

    ReplyDelete