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Saturday, September 25, 2010

Nifty Outlook for next week (27th Sept.)

For intraday trading we recommend long position in nifty future above 6050 for the targets of 6100, 6150 with the intra day stop loss around 5995. 

Nifty future is getting good buying support at the lower levels and looking technically strong for more fresh up moves. The next technical resistance for nifty future seems close to the level of 6050. Decisive closing above this resistance zone may take up nifty future for the levels of 6100, 1650 in near run. The immediate support for nifty future seems close to the levels of 5935 to 5945. Decisive closing below this support zone may make it slip till the lower levels of 5895 to 5900 in near run.

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