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.