Saturday, October 9, 2010

Nifty Future Weekly Outlook (11th Oct-15th Oct)


Nifty Spot Closed @ 6103

Supports @ 6040-5970-5865
Resistances @ 6189-6240-6357
Trend Decider @ 5865/6040/6240
Strong/Weak Above/Below 6080.

This week Nifty Failed to Cross 6240, After some decline happened and took Support @ 6080. Next Week Nifty will Find Crucial Support/Resistance @ 6040/6240 Respectively. Once consolidation phase is over Around 6100 (2% Variation), Nifty will move in 1 Direction. In Addition, Earning sessions will make/break Nifty as per Justification of Current Valuation and Medium term Road-Map. Overall Trend still Bullish until & Unless Nifty Trades Above 5945-5865. Nifty Above 6240 Can Make Life time High & Below 5945 weakness will arise.

” Trade with Levels not with Hope “