1 April 2014

NIFTY OUTLOOK FOR TOMORROW

 A very good volatile trading session was witnessed today, nifty future had good start at the level of 6765 later it dropped till 6705 in noon session again marched to end in 6761.We got our second  ever Nifty close above the 6700-mark and also another record high at 6765 ; the latter is happening every day for the last six sessions consecutively—it’s as if we have grown habituated by it. So far, so good! Now, the first sign of   the bullish armor is visible today it’s a bearish pattern but it needs follow on selling. We ought to understand that this suggests a probable sell off in case we sustain below 6670 on good volume activity. However, so long as the level of 6650 is held, the bulls can again push it up higher. Tomorrow nifty level of 6775-6790  is to be monitored .

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