Dear Sir
Nifty future closed 6272 on 17th Jan 2014 down by 58 point.
Reliance has given better result on Friday. Reliance has shown better result on
all fronts. Today American Market closed because of Trading Holiday .
American market closed mixed yesterday. Dow closed +41 points 0.25%, Nasdaq -21
points -0.50%, S&P -7 points -0.39%. European market closed between -0.07
to -0.40% on yesterday. SGX Nifty shows negative points of -23 -0.37%, SGX
Nifty future is trading at 6243. Asian market is trading negative. Nikkei -153
points -0.97%. Hangseng -85 points -0.37%.
NIFTY INTRADAY SCIENTIFIC CHART 20'th Jan 2014
(Expected to happen during market timing)
As written in weekly outlook market may open lower and will
bounce from lower levels. SGX nifty suggests 6243 but we expect nifty to open
around 6250 and may take support around 6230 to 6240 and from their bounce to
6270 to 6280 and their onward’s may trade choppy or range bound.
However in last trading hours after 14:00 clock
profit booking may come in market. Today’s nifty future range would be 6230 to
6288. Today nifty future has resistance support at 6280,6300,6320 and support
around 6250,6223.
Thanks & Regards
Nishant Jani
9374083399
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