* Infosys declaring its Results on Friday, January 10th 2014. * The external trade data and IIP for November will be declared on Friday, January 10th 2014. * Fed Chairman Ben Bernanke reiterated the fed’s commitment to keep interest rates low. HSBC Services PMI is expected on * * * Monday, January 6. The last reading was 47.2. * Petrol price was hiked by 75 paise and diesel by 50 paise a litre as rise in global oil rates and fall in rupee value increased the cost of production on Friday
Suppose to break 6180 and close below it… then get ready for a fall upto 6000-5970 level first.
In our previous post we had predicted for SUBSCRIBERS only 17th Dec, 2013 Buy NF 6162 and SL 6139 and Booked profit at 6270 and again bought Last FRIDAY @ 6208 above and Targets given to Subscribes 6289 to 6318
Just watch 6352 carefully (Nifty will not cross this level, then continue falling can start 6192 and then 6097)
Suppose to crossover this level and close above this… nifty can short only 6400 above
Note for short seller: LONG Term Targets for NIFTY FUTURE 6499 to 6567 very soon
I will update for Subscribers and then if time permit me to post here… I will do
Please log in to read the entire text. An only premium subscriber can read the full article. If you dont have a login yet, please subscribe now to get access.
Nifty on Friday closed down 68.65 points at 6168.40 while Nifty future closed at 6197.75, premium of 29.35 points. FIIs sold in Cash, net sell 432.05 Crore while DIIs sold in Cash, net sell 45.07 Crore. FIIs sold in Index future, Stock future but bought in Index Option, net sell 609.57 Crore..!!!
Stock markets are likely to remain choppy this week ahead of the Reserve Bank of India’s mid-quarter review of monetary policy and a meeting of the US Federal Reserve that could decide on tapering its stimulus programme.
The Sensex lost 280 points in the week to Friday while the 50-stock Nifty fell 91 points during the period. Now for this wee Nifty will holds immediate support at 6100 levels. The recent fall in the markets has pushed some index majors in oversold territory. Hence, most indicators are in favour of technical rebound in the markets.
What is for Today?
Nifty future Support : 6160 to 6178
Technical Nifty can test 6233 to 6256 (“Sell on Rise” continues till below “6243-51”)
Trading is better on support and resistance level with stoploss.