28 April 2014

NIFTY OUTLOOK FOR 29-04-14

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SBIN future  And DLF future calls given in last post achieved first target.
NIFTY FUTURE OUTLOOK FOR TOMORROW
As we have predicted nifty level of 6820-6840 proved to be most critical for the day. Nifty future managed to cross the level of 6840 and made a high  of 6843 in intraday trade. Nifty made a low of 6808  today. The level 6800 provided  good support throughout the day. The Nifty looks quite strong ; there is a possibility of the index moving up  to test even higher  levels ....
If the Nifty were to move above 6850  the level of  and stay there then expect it to test the next significant support area between 6870 and 6890. However, we do not anticipate the index to fall below 6800 and buying to resume by tomorrow.
More about intraday tips on Google +
RESISTANCE: 6,850, 6,870, 6,900

SUPPORT:  6,830, 6,800, 6,780

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