2013/05/24

Market Overview And Technical Outlook



 Nifty Spot


-  Nifty closed blw major support of  5970  it evident that we may witness a weakness going forward. In coming trading session. Overall short term momentum bearish, but be careful  Avoid shorting in extended low. Sellers vl b winner on higher side 

- In intraday trading on 24th May. If Nifty spot trades  breaks 5955 than go for short for 5930-5910-5850 trgts 

 - If Nifty not breaks 5955 & trades abve 5970 for atleast half  hour than go for buy with 5955 s/l for 6020-6045 trgts

- Resistance for up move at 6020/6046/6110

- Supports at 5930/5910/5850