NIFTY FUTURE OUTLOOK 2 1 st JANUARY 2014

Technical View:

Nifty future started with the smart gains on Monday snapping two session of losing streak, as

software services exporters gained after Wipro posted solid earnings. Nifty futures closed at 6317

with a high of 6332. Nifty for next trading session would have the resistance of 6355 if it breaks this

level than having the next resistance of 6410 and in down side having the support of 6285 if it

breaks this level than having the next support of 6240.

Pivot level:

S3	S2	S1	PIVOT	R1	R2	R3
6132	6216	6268	6300	6352	6384	6468

Trading Strategy:

BUY ON DIPS.