Free Stock market / Nifty intraday tips

Nifty Spot – Trade cautiously at higher levels



Sweet Words
A bitter tongue makes life bitter, a sweet tongue makes life better.

Nifty Spot

(Updated on 01-02-2013 at 07.40 AM)

Yesterday written that Nifty fut would face hurdle at 6066

and lower up to 6025 below 6040.

Nifty fut Jan Series made high at 6067 and low at 6027.

Now for Nifty Spot

Support @ 6026-6022

Break below 6018 may take up to 6009-6000.

Resistance at 6042-6051.

If trades above 6051 for 20 minutes, then may rally up to 6064.

Trade cautiously as Nifty may face strong hurdle at 6050-6074 zone.

Any rally below 6075 is less likely to sustain.

Daily + weekly close below 6014 may take

Nifty spot up to 6044.

Would you like to get our share market updates instantly?
Click the link to join: Free Stock Tips

Do you want to get premium NSE calls?
Click the link to subscribe: Premium NSE Stock Tips

If you have any questions or concerns about the stock market, don't hesitate to contact me:

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

Click here to get premium stock market tips by Mr.Guru.

Subscribe to get daily FREE Stock markets / nifty tips
Send email to Mr.Guru: [email protected].

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend