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NIFTY FUTURE PREDICTION FOR WEDNESDAY 28-MAY-2014

CALL FOR TOMORROW 28-MAY-2014
 "Buy Tatasteel Future Above 478 Tgt 482/488 Sl 471"
"Sell IFCI Future Below 36 Tgt 35.10/34.80 Sl 36.90"
NIFTY FUTURE OUTLOOK FOR TOMORROW 

In today’s trading session a bout of volatility was witnessed in the market. Market was wildly volatile yesterday at one point, it seemed as if we are going to see yet another new high during the trading session while later in the day the way the market sold off for no apparent reason, it appeared as if there would be no tomorrow. Today after opening higher index suddenly followed the divergent trend. Today market opened at 7361 made a high of 7365 and low of 7281 and closed at 7320. Total 84 points was played by nifty today.

For tomorrow the expected levels are 7350-7400.Nifty will oscillate between this levels and if any downfall then the level 7300 will be proved as very good supporting level.

NIFTY OUTLOOK FOR TOMORROW

As we have predicted in last post nifty was not able to sustain 6000. It made a high of 5907 and low of 5970 today. But july  series ended below 6000. The resistance levels to watch for remains the same since the uptrend is still continuing...