Wednesday, October 9, 2013

Outlook of nifty on 10/10/2013

Nifty closed on a up trend at 6007 level. So today the first resistance for nifty is at 6046-50 level. Next resistance ranges are at 6084-89,6123-28,6160-65,6184-89,6217-22,6262-66,6313-18,6367-6372 levels. On downside first support is at 5968-63 level. Next supports are at 5930-25,5892-88,5865-61,5832-27,5794-90,5775-70,5754-50,5732-28,5699-94,5671-67,5650-47,5625-20,5590-85,5560-55,5524-19,5493-88,5444-40,5410-05,5365-60,5338-33 level. So today intra resistance are at 6046-50 and 6084-89 ranges and on down side support are at 5968-63 and 5930-25 level.If Nifty opens gap up and below 6050 or 6089 and if faces selling there better avoid longs and on downside if opens flat or slight negative buy with stop at 5963 or 5925 level.
Positional Support for NIFTY 5893 5864 5829 5822 5789 5744 5686 5685 and positional Immediate resistance for NIFTY is 6028.
Intraday Resistance of NIFTY are 6084.8 : 6148.9 : 6124.3 : 6140.6
Intraday Support of NIFTY are 5930.1 : 5866 : 5891.8 : 5875.8

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