Thursday, February 20, 2014

NIFTY FUTURE OUTLOOK 21 ST FEBRUARY 2014

Technical View:

Nifty future snaps its four consecutive sessions of gains on Thursday. After overnight losses in the
US dragged the indices to open with negative bias while sentiment in the Asian markets took a hit
after china manufacturing index fell more than expected hitting seven-month low. Nifty futures
closed at 6107 with a low of 6102 Nifty for next trading session would have the resistance of 6140
if it breaks this level than having the next resistance of 6170 and in down side having the support of
6100 if it breaks this level than having the next support of 6045.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6043
6080
6094
6116
6130
6153
6189


Trading Strategy: 
BUY ON DIPS. 

Wednesday, February 19, 2014

NIFTY FUTURE OUTLOOK 20TH FEBRUARY 2014


Technical View:

Nifty future gains for the fourth consecutive session ended near day’s high on Wednesday. After
trading in a narrow trading range for whole day buying was seen in last hour of session which
allows the nifty to close above 6150 level. Nifty futures closed at 6159 with a high of 6167. Nifty for
next trading session would have the resistance of 6220 if it breaks this level than having the next
resistance of 6280 and in down side having the support of 6125 if it breaks this level than having
the next support of 6090.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6075
6113
6136
6151
6174
6190
6228

Trading Strategy: 
BUY ON DIPS. 



Tuesday, February 18, 2014

NIFTY FUTURE OUTLOOK 19 TH FEBRUARY 2014

Technical View:

Nifty future after trading in limited range in the Feb finally given breakout for bull side and staged a
strong recovery on Tuesday. A day after the interim budget investors appeared enthused after the
finance minister had said that the economy is more stable than what it was two years ago. Nifty
futures closed at 6138 with a high of 6156. Nifty for next trading session would have the resistance
of 6160 if it breaks this level than having the next resistance of 6220 and in down side having the
support of 6090 if it breaks this level than having the next support of 6045.


Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
5976
6051
6095
6125
6169
6200
6275

Trading Strategy: 
SELL ON HIGH. 

Monday, February 17, 2014

NIFTY FUTURE OUTLOOK 18 TH FEBRUARY 2014


Technical View:

Nifty future ended with gains after vote on account was more of less a non event for stock markets.
Nifty remained in a narrow trading range while the interim budget was being read in the
parliament. Nifty futures closed at 6091 with a high of 6098. Nifty for next trading session would
have the resistance of 6115 if it breaks this level than having the next resistance of 6175 and in
down side having the support of 6045 if it breaks this level than having the next support of 5990.


Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
5970
6024
6057
6078
6111
6132
6186

Trading Strategy: 
SELL ON HIGH. 

Sunday, February 16, 2014

NIFTY FUTURE OUTLOOK 17 TH FEBRUARY 2014

Technical View:

Nifty future gained around 1 percent in a highly volatile session on Friday after WPI inflation eased
to an eight month low in January at 5.05 percent. Nifty futures closed at 6061 with a high of 6064.
Nifty for next trading session would have the resistance of 6075 if it breaks this level than having
the next resistance of 6125 and in down side having the support of 5990 if it breaks this level than
having the next support of 5955.

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
5893
5965
6011
6038
6084
6110
6183

Trading Strategy: 
SELL ON HIGH. 

Thursday, February 13, 2014

NIFTY FUTURE OUTLOOK 14 TH FEBRUARY 2014

Technical View:

Nifty future fell more than 1 percent on Thursday breached the psychological level of 6000 mark
but managed to close above 6000.Sentiment was dampened after industrial production growth rate
remained in negative zone. Nifty futures closed at 6005 with a low of 5997. Nifty for next trading
session would have the resistance of 6060 if it breaks this level than having the next resistance of
6110 and in down side having the support of 5955 if it breaks this level than having the next
support of 5905.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
5813
5925
5965
6037
6077
6148
6260


Trading Strategy: 
SELL ON HIGH. 

NIFTY FUTURE OUTLOOK 13 TH FEBRUARY 2014

Technical View:

Nifty future ended with the smart gains on Wednesday after struggling for past seven trading
sessions finally pierced the 6100 mark but unable to sustain above the crucial level as investors
preferred to take some profit ahead of IIP and CPI data which released later in the day. Nifty futures
closed at 6099 with a high of 6126. Nifty for next trading session would have the resistance of 6135
if it breaks this level than having the next resistance of 6175 and in down side having the support of
6090 if it breaks this level than having the next support of 6055.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6030
6067
6083
6104
6120
6142
6179

Trading Strategy: 
SELL ON HIGH