Yesterday
Nifty future closed 6205 on 25th Feb 2014 up by 12 point.
As predicted in our weekly outlook, Tuesday American
market close negative. As predicted in our weekly outlook SGX nifty future is trading negative. Nifty
will try to recover from opening lower level. From lower level we may rise for
35 to 45 points up to 2:00 clock. After 2:00 clock we might see profit booking
in market because of expiry day. Nifty future might close positive 30 points.
But volatility not ruled out because of F&O expiry and GDP data on 28’Th
February.
Today
we expect nifty to take support around 6180 at lower level and resistance
around 6227,6239. We have positive trend from lower level today. Today nifty
future may make a low around 6178 and make a high 6244. We have to exit
from longs after expiry for that march chart already sent to you.
NIFTY INTRADAY SCIENTIFIC CHART 26'th Feb 2014
(Expected to happen during market timing)
Thanks
& Regards
Nishant Jani
9374083399
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