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. 

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