Tuesday, September 10, 2013

Outlook of nifty on 11/09/2013


Nifty closed strongly at 5896 level. So today the first resistance for nifty is at 5935-40 level. Next resistance ranges are at 5960-65,5998-6003,6024-29,6051-56,6129-34,6187-92 levels. On downside first support is at 5858-54 level. Next supports are at 5833-28,5770-65,5744-40,5663-58,5612-07,5583-79,5555-50,5524-19,5493-88,5444-40,5410-05,5365-60,5338-33,5302-298,5270-65,5232-27,5200-195,5176-71,5143-38,5118-13,5080-75,5030-25,4983-78 level.The trend is now in bull side and next targets are 5965 and 6003 level and if nifty strongly stays above 6003 it is another good sign for bulls.So today most probaly nifty will stay between 5960 and 5833 level.On downside be alert only below 5828 and below that level better avoid any longs. 

Positional Support for NIFTY 5824 5803 5705 5698 5663 5509 5485 5457 and positional Immediate resistance for NIFTY is 5917.
Intraday Resistance of NIFTY are 5960.4 : 6024.1 : 6129.7 : 6012.5 : 6028.6
Intraday Support of NIFTY are 5833.1 : 5769.4 : 5663.8 : 5782.1 : 5766.3

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