Nifty Spot – Trade cautiously at higher levels

THOUGHT FOR TODAY

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.