9 January 2014

NIFTY OUTLOOK FOR TOMORROW

Nifty was range bound today. Nifty made  a high of 6186 and a low of 6146 .Except for the market participants showing continued indecision, the outlook remains the same even for tomorrow  we need to watch if it manages to get past and stay above 6170 – 6190 supply zone firmly to signal some kind of a recovery or else it may slide down and  take out 61430 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 .Infy results will decide the market direction tomorrow.
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RESISTANCE:6160, 6190,6220

SUPPORT:     6150, 6130,5090

5 comments:

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  2. Fantastic post deepak! Love your tips

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  3. Perfect spread for happy trading!

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  4. These are great tips, and I love your honesty, keep it up

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  5. Dear Deepak,
    Thanks for the helpful post. In two weeks we are trading in profit

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