Market Outlook 18 February 2014
Nifty (6073.30, +24.95, +0.41%)
The closing is pretty much encouraging since the Nifty has managed to close above 6073. Now, it needs to consolidate the gains over the last two sessions. The most critical level remains at 6073 itself while the immediate support now would be the range between 6058 and 6054. To show real strength we need to see a close above 6115—in fact, the range between 6101 and 6115 would act as a strong supply zone and the major resistance is likely between 6129 and 6150 in the event of a strong upsurge.
Most critical level of the day: 6073
Immediate support: 6058 – 6054
Strong support: 6029 – 6020
Major support: 6004 – 5981
Strong resistance: 6101 – 6115
Major resistance: 6129 – 6150
Bank Nifty (10326.55, +122.80, +1.20%)
To show continuation of the upward momentum gathered primarily during the last hour of trade yesterday, it needs to stay above 10321-mark, its most critical level for the day. However, the real test of the bank bulls would begin from the levels of 10430 onwards. The whole range between 10430 and 10625 is likely to bring strong supply pressure unless the bank bulls are confident of the central bank softening its monetary stance soon enough. On the downside, its immediate support levels are located between 10268 and 10255. It would be quite comfortable for the bank bulls if they manage to hold this support range even in the event of a profit taking led sell off during the day.
Most critical level: 10321
Immediate support: 10268 – 10255
Strong support: 10193 – 10130
Major support: 10060 – 9850
Strong resistance: 10374 – 10395
Major resistance: 10430 - 10625
WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
Nifty (6073.30, +24.95, +0.41%)
The closing is pretty much encouraging since the Nifty has managed to close above 6073. Now, it needs to consolidate the gains over the last two sessions. The most critical level remains at 6073 itself while the immediate support now would be the range between 6058 and 6054. To show real strength we need to see a close above 6115—in fact, the range between 6101 and 6115 would act as a strong supply zone and the major resistance is likely between 6129 and 6150 in the event of a strong upsurge.
Most critical level of the day: 6073
Immediate support: 6058 – 6054
Strong support: 6029 – 6020
Major support: 6004 – 5981
Strong resistance: 6101 – 6115
Major resistance: 6129 – 6150
Bank Nifty (10326.55, +122.80, +1.20%)
To show continuation of the upward momentum gathered primarily during the last hour of trade yesterday, it needs to stay above 10321-mark, its most critical level for the day. However, the real test of the bank bulls would begin from the levels of 10430 onwards. The whole range between 10430 and 10625 is likely to bring strong supply pressure unless the bank bulls are confident of the central bank softening its monetary stance soon enough. On the downside, its immediate support levels are located between 10268 and 10255. It would be quite comfortable for the bank bulls if they manage to hold this support range even in the event of a profit taking led sell off during the day.
Most critical level: 10321
Immediate support: 10268 – 10255
Strong support: 10193 – 10130
Major support: 10060 – 9850
Strong resistance: 10374 – 10395
Major resistance: 10430 - 10625
WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
No comments:
Post a Comment