NIFTY FUTURE OUTLOOK 31 ST JANUARY 2014

Technical View:

Nifty future fell for a fifth consecutive session on Thursday after a volatile F&O expiry. Nifty opened
with gap down after Fed chairman announced that the Fed will reduce its bond buying program to
US$65bn in Feb, down from US$75bn in Jan. Nifty futures closed at 6103 with a low of 6062. Nifty
for next trading session would have the resistance of 6195 if it breaks this level than having the
next resistance of 6240 and in down side having the support of 6060 if it breaks this level than
having the next support of 6035.

Pivot level: 

S3	S2	S1	PIVOT	R1	R2	R3
5951	6004	6036	6057	6089	6110	6163

Trading Strategy: 

SELL ON HIGH. 

NIFTY FUTURE OUTLOOK 30th JANUARY 2014

Technical View:

Nifty future fell for a fourth consecutive session on Wednesday to its lower close in two months
ahead of F&O expiry on thursday and conclusion of the United States Federal Reserve policy
meeting later in the day. Nifty futures closed at 6120 with a low of 6107. Nifty for next trading
session would have the resistance of 6175 if it breaks this level than having the next resistance of
6210 and in down side having the support of 6085 if it breaks this level than having the next
support of 6060.

Pivot level: 

S3	S2	S1	PIVOT	R1	R2	R3
5997	6066	6093	6134	6161	6202	6271

Trading Strategy: 

SELL ON HIGH. 

NIFTY FUTURE OUTLOOK 22 nd JANUARY 2014

Technical View:

Nifty future ended with minor gains on the expectation that central bank will keep monetary policy
unchanged next week. Nifty futures closed at 6329 with a high of 6342. 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 6305 if it breaks this level than having the next
support of 6240.

Pivot level:

S3	S2	S1	PIVOT	R1	R2	R3
6250	6287	6306	6324	6343	6361	6398

Trading Strategy: 

BUY ON DIPS. 

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.

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.

NIFTY FUTURE OUTLOOK 17 th JANUARY 2014

Technical View:

Nifty future ended on a flate note after being stuck in a narrow trading session. Sentiment get boost
in mid afternoon trades after rating agency Moody’s said that rating downgrade was not on cards.
Nifty futures closed at 6329 with a low of 6305. Nifty for next trading session would have the
resistance of 6360 if it breaks this level than having the next resistance of 6410 and in down side
having the support of 6275 if it breaks this level than having the next support of 6230.

Pivot level:

S3	S2	S1	PIVOT	R1	R2	R3
6235	6281	6305	6328	6352	6375	6422

Trading Strategy: 

BUY ON DIPS.

NIFTY FUTURE OUTLOOK 16 th JANUARY 2014

Technical View:

Nifty future rose more than 1 percent to mark their highest close in five weeks after inflation eased
to a five month low of 6.16 percent in December. Nifty futures closed at 6331 with a high of 6336.
Nifty for next trading session would have the resistance of 6360 if it breaks this level than having
the next resistance of 6410 and in down side having the support of 6240 if it breaks this level than
having the next support of 6200.

Pivot level:

S3	S2	S1	PIVOT	R1	R2	R3
6174	6242	6287	6311	6355	6380	6448

Trading Strategy:
BUY ON DIPS.