24 January 2014

NIFTY TRADING TIPS FOR 27-01-14

Good trading Friday ,nifty faced a down fall .Nifty made a high of 6328 and low 6267 today. Its older brethren the BSE Sensex posted an all-time closing high yesterday and it posted a new 2014 closing high as well. Now, even if the index is moving up in small increments, it is—in all likelihood—headed for higher levels as the buying pressure is evident from the fact that despite negative formations on the chart it refused to go down below the 6200-mark and fresh buying seems to come in at any dip intraday or on closing basis...
Nifty level of 6220-6250 is to be monitored closely for Monday. If nifty manage to cross level of 6280 and sustains this level we would again see up move and level of 6320.

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RESISTANCE:6250, 6280,6300

SUPPORT:     6230, 6200,6170

2 comments:

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