Monday, October 7, 2013

Nifty Outlook 8th October 2013



Nifty (Oct.Fut.) closed at 5943.20 giving a flat closing after making a low of  5856  a smart recovery was seen from the support zone of 5850-5810 but its upward movement is susceptible as it faces resistance at 5960-5990-6008 a major support stands at 5770.
Suggestion for Today:  Sell Nifty near 5943 target 5910, 5860, 5820 sl 5965
Else Sell near 5980 target 5950, 5910, 5860 sl 6010(In case of Gap Up)
Levels for Nifty: 6010-6016, 6000, 5985, 5960, 5910, 5865-5850, 5820, 5800.