The call of LT given on Friday achieved first target.
NIFTY FUTURE
OUTLOOK FOR TOMORROW
NIFTY settled at 6731 marginally lower in a choppy trading session. The market edged
higher in early trade. It trimmed initial gains and hit fresh intraday low 6111
in morning trade. It hovered in positive
terrain in mid-morning trade. Index was trading marginally higher 6777.80 in early afternoon trade The
weekly chart has also given a sell signal this time. The import of both the bar
chart and the candlestick chart--when viewed with weekly data—shows the possibility
of further upswing .....
Unless the market recovers quickly and crosses the 6780-mark
for a minimum, the weakness continues. Only if it is seen the index getting past and maintaining above
6780 – 6800 range for that is the most critical zone to observe in a case of a
sustained upswing . Now a good volatile trading sessions are to be
witnessed in coming days. Keep an eye on
BANKS!!!!. Tomorrow
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RESISTANCE:
6,780, 6,800, 6,820
SUPPORT: 6,760, 6,730,
6,700
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