Friday, January 17, 2014

NIFTY FUTURE OUTLOOK 20th JANUARY 2014



Technical View:

Nifty future fell nearly 1 percent on Friday after Tata Consultancy services slumped as its quarterly
profit adjusted for other income lagged expectation. Nifty futures closed at 6329 with a low of 6305.
Nifty for next trading session would have the resistance of 6310 if it breaks this level than having
the next resistance of 6355 and in down side having the support of 6230 if it breaks this level than
having the next support of 6150.


Pivot level:

S3 S2 S1 PIVOT R1 R2 R3
6099 6190 6226 6282 6317 6373 6465



Trading Strategy: 
BUY ON DIPS.

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