Monday, October 14, 2013

Outlook of nifty on 15/10/2013


Nifty closed on a slight bull note at 6112 level. So today the first resistance for nifty is at 6133-38 level. Next resistance ranges are at 6154-58,6174-78,6192-97,6227-32,6270-75,6313-18,6367-6372 levels. On downside first support is at 6090-85 level. Next supports are at 6070-67,6037-32,5997-92,5960-55,5907-03,5865-61,5832-27,5794-90,5775-70,5754-50,5732-28,5699-94,5671-67,5650-47,5625-20,5590-85,5560-55,5524-19,5493-88,5444-40,5410-05,5365-60,5338-33 level. So today on upside intra resistance are at 6138 and 6158 level but be alert on higher side if selling happens below these levels and on downside if nifty is below 6067 trend is bearish.So today if nifty is not moving above 6138 levels better stay away from long side.
Positional Support for NIFTY 5928 5906 5895 5832 5786 5755 5715 5700 and positional Immediate resistance for NIFTY is 6136.
Intraday Resistance of NIFTY are 6135.3 : 6154.1 : 6214.1 : 6230.5 : 6247
Intraday Support of NIFTY are 6090.1 : 6071.3 : 6012.1 : 5996 : 5979.9

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