14 February 2014

MARKET PREDICTIONS FOR MONDAY

"Buy Bharti Airtel Future above 307 Tgt 310.70/314 SL 302"
NIFTY FUTURE OUTLOOK FOR TOMORROW 17 Feb,2014
The Nifty future has closed at 6,058. Nifty future started at 6,022, made  a high of 6,064 and a low of 5,992 . Nifty future moved in a range of 72  points throughout the day. We are likely to see a strong opening  Monday . In fact, the end-of day bar chart pattern seems to suggest still there are enough buyers to support the market close to the 6000-mark for the Nifty future thus, it would not be that easy for the bears to push the market down at one go.
We, however, need to see the index staying above the most critical levels between 6090 and 6110  during the session. In any case, we would really have some confidence for a better next week only if we see the Nifty future getting past 6140 – 6160 range closing there.
RESISTANCE:6090, 6130,6160
SUPPORT:     6070, 6050,6030
More about intraday tips on goggle +

No comments:

Post a Comment