26 February 2014

NIFTY FUTURE OUTLOOK FOR FRIDAY 28/02/2014

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Today  Nifty future has closed at  6239.... Nifty future started at 6,206 made  a high of 6,243 and a low of 6,206... Nifty future moved in a range 37 points throughout the day. And February 2014 series expired today..At the end of this session there was high volatility in market. We are likely to see a strong trading session on Friday due to beginning of march,2014 series . In fact, the end-of day bar chart pattern seems to suggest still there are enough buyers to support the market close to the 6200 marks 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 6240 and 6270  during the session. In any case, we would really have some confidence for a better Friday only if we see the Nifty future getting past 6240 – 6270 range closing there.
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RESISTANCE:6255,6270,6284
SUPPORT:     6225,6200,6180

3 comments:

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

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  2. Thanks for the helpful post. In two weeks we are trading in profit

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  3. Thanks for the great tips for beating the market. I guess my problem was not keeping enough stoploss in nifty. I will definitely keep it…

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