Tuesday, January 7, 2014

NIFTY FUTURE OUTLOOK 8 th JANUARY 2014




Technical View:


Nifty future fell for a fifth consecutive session on Tuesday to mark their weakest start to a year
since 2011. Nifty futures closed at 6194 with a low of 6172. Nifty for next trading session would
have the resistance of 6230 if it breaks this level than having the next resistance of 6265 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
6034
6122
6159
6209
6246
6296
6384


Trading Strategy: 
BUY ON DIPS. 

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