Thursday, October 3, 2013

Outlook of nifty on 04/10/2013



Nifty closed on a bull note at 5909 level. So today the first resistance for nifty is at 5948-53 level. Next resistance ranges are at 5986-91,6025-30,6050-55,6085-90,6121-26,6170-75,6212-16,6230-36,6262-66,6313-18,6367-6372 levels. On downside first support is at 5871-66 level. Next supports are at 5833-28,5794-90,5769-64,5732-28,5699-94,5671-67,5650-47,5625-20,5590-85,5560-55,5524-19,5493-88,5444-40,5410-05,5365-60,5338-33 level.Nifty made a good come back and closed at 5909 and next big hurdle is at 5991 level So today above 5871 long is good and intra resistance are at 5953 and 5991 level and on downside be alert below 5866 and below 5828 trend is negative.

Positional Support for NIFTY 5880 5869 5828 5794 5740 5739 5690 5650
positional Immediate resistance for NIFTY is 5930
Intraday Resistance of NIFTY are 5986.5 : 6050.3 : 6025.6 : 6041.7
Intraday Support of NIFTY are 5832.9 : 5769.1 : 5795 : 5779.1

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