26 March 2014

NIFTY OUTLOOK FOR MARCH EXPIRY

Buy Tatasteel  360 Apr call @ 5.40 tg 6.90,7.60 sl 2.95
Sell Axis bank future below 1470 tg 1411,1400 sl 1434
NIFTY OUTLOOK FOR TOMORROW 
Index was bullish in  morning trade,but as we mentioned yesterday if nifty future manage to cross the level of 6625 then more upmove can be seen .But nifty made a high of 6620 only,even nifty couldnot sustaion the level of 6610 till he end. Tomorrow  expiry of f and  o  march series  is expected above  6600. ...
The index continues to look bullish notwithstanding the marginal gains made in the last session. We feel all of yesterday’s levels still hold and so is the outlook. Hence, we repeat it here barring minor changes in levels: Now, once we see the Nifty getting past 6610, it will face the next important resistance around 6625-mark. If it manages to clear this significant potential hurdle, it would head for 6650 – 6670-zone, its next set of resistance levels.

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RESISTANCE:6610, 6630,6650

SUPPORT:     6580, 6550,6530

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