18 February 2014

NIFTY OUTLOOK FOR19-02-14

Buy Nifty 6200 call @18 & Nifty 6100  put @30
NIFTY OUTLOOK FOR TOMORROW
The closing is pretty much encouraging since the Nifty has managed to close above 6100. Now, it needs to consolidate the gains over the last two sessions. The most critical level remains at 6070 itself while the immediate support now would be the range between 6060 and 6080....
To show real strength we need to see a close above 6160—in fact, the range between 6120 and 6160 would act as a strong supply zone and the major resistance is likely between 6160 and 6180 in the event of a strong upsurge.
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RESISTANCE:6100, 6160,6180
SUPPORT:     6090, 6060,6030

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