5 May 2014

KEEP AN EYE ON BANKS ON 06-05-14

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
 More about intraday tips on Google +
RESISTANCE: 6,780, 6,800, 6,820

SUPPORT:  6,760, 6,730, 6,700

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