Tuesday, October 8, 2013

Outlook of nifty on 08/10/2013


Nifty closed on a flat note at 5907 level but had recovered from the lows of 5825. So today the first resistance for nifty is at 5952-57 level. Next resistance ranges are at 5992-97,6015-20,6037-42,6060-65,6085-90,6121-26,6170-75,6212-16,6230-36,6262-66,6313-18,6367-6372 levels. On downside first support is at 5858-53 level. Next supports are at 5820-15,5794-90,5775-70,5754-50,5732-28,5699-94,5671-67,5650-47,5625-20,5590-85,5560-55,5524-19,5493-88,5444-40,5410-05,5365-60,5338-33 level.Nifty was on a flat note yesterday but had recovered from lows So today above 5880 trend is good for bulls and 5952-57 is a resistance area above that level next resistance areas are 5997 and 6020 level .

Positional Support for NIFTY 5877 5849 5828 5792 5785 5739 5684 5665 

ositional Immediate resistance for NIFTY is 5962
Intraday Resistance of NIFTY are 5953.9 : 5993.5 : 6022 : 6038.1
Intraday Support of NIFTY are 5858.4 : 5818.8 : 5791.4 : 5775.6

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