10 February 2014


"BUY NIFTY FUTURE ABOVE 6080 TG 6100,6120,6150 SL 6050"
Nifty future witnessed a down trend today after opening high.It made a high of 6072 and a low of 6053 today.
The range between 6072 and 6053 would be quite crucial as a support zone for the index tomorrow  unless the Nifty future falls below 6050  decisively in the day’s session bulls would have no problem pushing it further. In fact, bears becoming aggressive in trying to push the market down before they take out 6075 level could well get trapped again. Thus, watching these levels would be quite critical.
On the downside, below 6050, the support levels are 6025-6020
RESISTANCE:6050, 6070,6090
SUPPORT:     6040, 6060,6080
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