30 April 2014

LACK LUSTER NIFTY MOVEMENT OF FRIDAY

Tatasteel  call given in lat post rocks!!!!!!!!!all targets achieved.
NIFTY FUTURE OUTLOOK FOR TOMORROW
As we have predicted yesterday  nifty moved in same pattern,a fall was witnessed till the level of 6740 .  The high made by nifty today was 6829 and a low of 6692.Things are getting a bit tough  however, so long as the 6650 through 6620 support area is not broken in any downswing  there is no major cause for anxiety for the bulls. Unless we see a decisive fall below the 6700-mark and the Nifty heading downward to test 6650 – 6620 major support area, the index retains the ability to post a recovery at any moment.Bulls are not totally lost in the game Tomorrow 1 may 2014   there is a holiday,market will reopen on Friday. Not a good movement is expected on Friday so  I advised you to eat light & trade light.

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RESISTANCE: 6,700, 6,740, 6,780
SUPPORT:  6,680, 6,650, 6,630

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