Technical View:
Nifty future after trading in limited range in the Feb finally given breakout for bull side and staged a
strong recovery on Tuesday. A day after the interim budget investors appeared enthused after the
finance minister had said that the economy is more stable than what it was two years ago. Nifty
futures closed at 6138 with a high of 6156. Nifty for next trading session would have the resistance
of 6160 if it breaks this level than having the next resistance of 6220 and in down side having the
support of 6090 if it breaks this level than having the next support of 6045.
Nifty future after trading in limited range in the Feb finally given breakout for bull side and staged a
strong recovery on Tuesday. A day after the interim budget investors appeared enthused after the
finance minister had said that the economy is more stable than what it was two years ago. Nifty
futures closed at 6138 with a high of 6156. Nifty for next trading session would have the resistance
of 6160 if it breaks this level than having the next resistance of 6220 and in down side having the
support of 6090 if it breaks this level than having the next support of 6045.
Pivot level:
S3 |
S2 |
S1 |
PIVOT |
R1
|
R2 |
R3 |
5976 |
6051
|
6095
|
6125 |
6169
|
6200 |
6275
|
Trading Strategy:
SELL ON HIGH.
TODAYS PROFIT SUMMARY: STOCK CASH VOLTAS 2300 BF UTILITIES 4800 ENGINEERS INDIA 2300 JUBILANT LIFE SCIENCE (-3400)
ReplyDeleteEquity tips free trial