13 October 2014

NIFTY FUTURE OUTLOOK FOR TOMORROW 14-OCTOBER-2014

The Indian markets made a smart recovery in noon trade after falling more than 200 points in early deals. Recovery was seen on the back of buying witnessed by the IT heavyweight stocks like Infosys and TCS. The Nifty also recovered by 24 points, to 7,884. It shuttled between 7,796 and 7,901 during the session.
The nifty future today started at 7835 made a high of 7929 and low of 7817 and closed at 7911, total 112 points was played by nifty future throughout the day. For tomorrow we are likely to see bullish momentum in the market. Bulls will take nifty future above 7935-7950
Once in 7950 level will break out then chances will be higher for nifty future to be in there most comfortable zone of 8000. Or else if any downfall will be there then levels 7900-7865 will act as a supporting level for nifty future. At the other side if any downfall will be there in nifty future then, bears will take nifty to 7846-7814 levels.
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RESISTANCE: 7926, 7956, 7986
SUPPORT:  7896, 7866, 7836

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