Monday, August 5, 2013

Outlook of nifty on 06/08/2013

Nifty was on a very slight bull trend and closed at 5685 level. So today the first resistance for nifty is at 5718-23 level. The trend is weak but short term bullish move can be expected if nifty trade strongly above 5725 or a move above 5750 is good.On downside be alert below 5650 and avoid longs below that level.

Positional Immediate support for NIFTY is 5640

positional Resistance for NIFTY is 5840 5842 5865 5866 5871 5896 5899 5922 5924 .
Intraday Resistance of NIFTY are 5718.1 5745.2 5799.1 5814.9
Intraday Support of NIFTY are 5652.7 5625.6 5572.9 5557.3


NIFTY INTRADAY LEVEL
NIFTY PROBABLE HIGH
NIFTY PROBABLE LOW
R4
5751
BULL
5758
5636
R3
5724
UP BREAKOUT
5728
5666
R2
5714
UP CAUTION
LEVEL FOR LONG
LEVEL FOR SHORT
R1
5707
SELL
5764
5662
PIVOT
5689

LAST DAY
CONFUSION TREND
S1
5663
BUY
OPEN
5682
S2
5657
DOWN CAUTION
HIGH
5721.0
S3
5647
DOWN BREAK OUT
LOW
5662.0
S4
5620
BEAR
CLOSE
5685.4
NIFTY MONTHLY LEVEL
NIFTY DAILY VOLATALITY
1.04%
R2
6082
LONG
NIFTY WEEKLY VOLATALITY
3.75%
R1
5976
SHORT EXIT
NIFTY WEEKLY HIGH
5861.0
S1
5765
LONG EXIT
NIFTY WEEKLY LOW
5649.0
S2
5659
SHORT
NIFTY DAY MEAN
5755

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