Tuesday, October 15, 2013

Nifty Outlook 17th October 2013



Nifty (Oct.Fut.) closed at 6110.65 shedding 35 points making a high of  6193.60 making a new intermediate top nifty faces stiff resistance around 6175-6200 beyond that 6250 we have been suggesting nifty is almost near its top but it is dragging. Immediate support stands at 6070-6050 below it 5975.
Bank Nifty (Oct.Fut.) almost made a top around 10800 if sustain below 10400 it would test 10000-9980.
Suggestion for Today:  Sell Nifty near 6110-6120 target 6070, 6050, 6012 sl 6155.
Levels for Nifty: 6175, 6155, 6130, 6110, 6075, 6050, 6010-6008