The call of Nifty future given in last post achieved two targets and made a high of 5926 today.
NIFTY OUTLOOK FOR TOMORROW
As we have predicted in last post nifty not only crossed 5900
but also sustained this level on closing price
basis.
The index hit high of 5,917.30 in intraday trade, its highest level since 20
December 2012. The index hit a low of 5,859.55 in intraday trade.. The market
may remain volatile tomorrow, 27 December 2012, as traders roll over positions
in the futures & options (F&O) segment from the near month December
2012 series to January 2013 series. The near-month December 2012 derivatives
contracts expire tomorrow, 27 December 2012.Nifty may open above 5900 and also
sustain there. The level 5900 will provide
good support and once level is taken out the next range to monitored
will be 5940-5960.
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RESISTANCE:5940 5960, 6000
SUPPORT :5900, 5870,
5830