Monday, December 30, 2013

NIFTY FUTURE OUTLOOK -31 DECEMBER 2013

Technical View:


Nifty future ended with marginal losses after RBI in its financial stability report flagged concerns
over continuing high inflation amid growth slowdown. Nifty futures closed at 6370 with a high of
6383. Nifty for next trading session would have the resistance of 6390 if it breaks this level than
having the next resistance of 6480 and in down side having the support of 6295 if it breaks this
level than having the next support of 6240.

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
6213
6281
6308
6348
6375
6416
6483

Trading Strategy: 
BUY ON DIPS. 





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