Tuesday, December 31, 2013

NIFTY FUTURE OUTLOOK- 1 JANUARY 2014

Technical View:


Nifty future ended on a flate note with some positive side on end of year 2013.Nifty future ended
with approx 7 percent gain in year end of 2013 as compared to 2012. The record buying was seen
by FII’s in year 2013 even the domestic economy was suffering from low growth and high inflation.
Nifty futures closed at 6354 with a high of 6380. Nifty for next trading session would have the
resistance of 6390 if it breaks this level than having the next resistance of 6480 and in down side
having the support of 6295 if it breaks this level than having the next support of 6240.

Pivot level:
S3
S2
S1
PIVOT
R1
R2
R3
6275
6316
6335
6357
6376
6398
6439

Trading Strategy:
BUY ON DIPS.  

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