2013/05/27

Market Overview And Technical Outlook

Nifty Spot ::

   - Exactly bounce from bottom support zone of 5930  , as per Friday post

- Short term indicator turn up from oversold resion..

- Overall short term momentum turns side way’s bullish as far as Nifty stay above 5970

- In intraday trading on 27th May NIfty spot if sustain abve 5985 & breaks 6015 go long for 6046/6084/6110 trgts

- Watch important support 5970 important resistance 6046 

- Resistance for up move at 6020/6046/6085

- Supports at 5970/5930/5910

Buy Tatasteel with 305 s/l abv 313 vl rock for 320-325 or even can see 330+++ trgts in cmng trading session