20 February 2014

NIFTY RETRACED A FALL TODAY

Sell Reliance future below 805 tg 799,796 sl 812

Buy Petronet future bove 117 tg 119.40,121.50 sl 114.80
RELIANCEINFRA CALL given in last post achieved first target today
NIFTY OUTLOOK FOR TOMORROW
Nifty could not sustain the level of 6140,it opened at 6127 and witnessed a downfall in rest of the trading session. Nifty made a low of 6088 in intraday trade. Nifty retraced a fall today, gave a expected breakout above the 6090 level. Range 6110-6130 is the supporting range for next trading sessions However, given the state of international markets this morning after the European and the American markets closed in the red....
If that were to be case then we ought to watch out of the index falls below 6080  and closes there it would be a reversal of this uptrend. However, unless that happens bulls might stage a recovery even if they face supply pressure initially.
More about intraday tips on google +
RESISTANCE:6100, 6130,6180

SUPPORT:     6090, 6060,6030

2 comments:

  1. i really like your blog and recommend it to others .

    ReplyDelete
  2. These are such great tips Deepak Especially for the one about being prepared for trade .This nifty outlook is very useful for new traders.

    ReplyDelete