25 March 2014

BULLISH MOMENTUM CONTINUE ON 26-03-14

Buy Nifty future above 6610 tg 6640,6670,6690 sl 6585
NIFTY OUTLOOK FOR TOMORROW
Nifty was above 6600 in morning and noon sesiion. It made a high of 6610 and a low of 6581 today.Another record high for the index! Not just that, it has done it in style--backed by a strong rally in banking stocks--powering ahead to higher levels attracting a lot of fresh buying. Now, once we see the Nifty getting past 6610, it will face the next important resistance around 6620-mark...
If it manages to clear this significant potential hurdle, it would head for 6650 – 6660-zone, its next set of resistance levels. In any case, unless the index falls and closes below 6525, the current bullish overtone remains intact.
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RESISTANCE:6600, 6630,6650
SUPPORT:     6580, 6550,6530

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