Thursday, January 2, 2014

NIFTY FUTURE OUTLOOK-3 JANUARY 2014

Technical View:

Nifty future fell more than 1 percent on Thursday, posting their biggest single-day percentage fall in
nearly 1-1/2 months. Falls on Thursday were accentuated by weaker European and Asian shares
after disappointing manufacturing data from china. Nifty futures closed at 6255 with a low of 6246.
Nifty for next trading session would have the resistance of 6350 if it breaks this level than having
the next resistance of 6410 and in down side having the support of 6245 if it breaks this level than
having the next support of 6150.

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
5978
6140
6198
6303
6360
6466
6628

Trading Strategy: 
BUY ON DIPS. 

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