2013/05/31

Market Overview And Technical Outlook

Nifty Spot ::

- Watch important Support 6070 & Important resistance 6146 for the day  


- In intraday trading on 31 May Nifty spot momentum on the upside is likely to continue. 
  If sustain abve 6125 go long for  6146/6200 trgts
 
 Note > Once nifty cross 6146 than move TSL to 6110 for ur longs

- Bears vl take charge only if nifty trades blw 6125 & breaks 6070 than go for short 

- Resistance for up move at  >  6146/6200
- Supports at                             >  6070/6017/5970



Cipla bears vl upperhand blw 392 keep sell on rise  strategy

Sbin 2065  last hope for bulls Blw that lvl 1970 on the way ... If holds 2065 & trades abve 2090 go long 


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