Sell Hindalco future below 112 tg 110,108 sl 113.90
NIFTY
OUTLOOK FOR TOMORROW
Equity
markets were down everywhere Europe and American markets are down last night
and this morning our Asian peers are also trading in the red. The SGX Sep Nifty
was flat at 5911 on high volume activity but the bias of the price movement
there is downwards. Chances are we would open flat to marginally down in morning around the 5880-mark. What is crucial
during the day is the ability of the bulls to sustain the index above 5850-mark
for any sustained price movement below this level would act as a clear signal
for further weakness to come.
On the way up above 5850 – 5890 range if it trades with some strength attracting buying support then only expect further recovery else expect weakness to continue.
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RESISTANCE:5850, 5880,5910
SUPPORT: 5840, 5780,5750
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