Technical View:
Nifty future remain volatile on Friday and closed in negative as trade deficit stood 10.14bn in
December 2013 compared with 17.59bn in December 2012. Nifty futures closed at 6180 with a high
of 6269. Nifty for next trading session would have the resistance of 6270 if it breaks this level than
having the next resistance of 6310 and in down side having the support of 6150 if it breaks this
level than having the next support of 6060.
Pivot level:
|
S3 |
S2 |
S1 |
PIVOT |
R1 |
R2 |
R3 |
|
5975
|
6088 |
6133 |
6201 |
6246 |
6314 |
6427
|
Trading Strategy:
BUY ON DIPS.
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