8 February 2014

NIFTY OUTLOOK FOR 10 FEB14

"buy Idea 160 Call @ 2.3 Tgt  2.75/3.90 SL 1.30"
 End of the week Nifty futures opened at 6067 made a high of 6077 and ended at 6034.The index is showing some signs of revival despite its failure to close above the 6070-mark. We have seen some good buying by domestic institutions while the FIIs continue to be sellers in the index future and cash segments both in large amount to offset an otherwise substantial buying by their domestic counterparts....
Now the index needs to clear 6080 – 6100 supply zone decisively to show that the pullback does have some more strength left to march upward.
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RESISTANCE:6080, 6100,6130

SUPPORT:     6040, 6030,6000

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