17 February 2014

NIFTY OUTLOOK FOR TOMORROW 18 FEB,2014

"Our yesterday's call of  Bharti Airtel archived the Tgt"
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On Monday  Nifty future has closed at 6091.2 . Nifty future started at 6,079, made  a high of 6098 and a low of 6,045 . Nifty future moved in a range of 53 points throughout the day. We are likely to see a strong trading session on Tuesday. In fact, the end-of day bar chart pattern seems to suggest still there are enough buyers to support the market close to the 6100-mark 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 6100 and 6130  during the session. In any case, we would really have some confidence for a better Tuesday only if we see the Nifty future getting past 6100 – 6140 range closing there.
RESISTANCE:6010, 6130,6150
SUPPORT:     6040, 620,6000
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1 comment:

  1. kamlesh prajapat1 March 2014 at 12:01

    Great outlook ! Next time I will refer it before I plan my trade for next day.

    ReplyDelete