NIFTY INTRADAY OUTLOOK AND TRADING TIPS FOR 27-APRIL
Posted: Tue Apr 26, 2011 5:53 am
Until, Nifty manages to decisively sustain above 5950 or below 5800 levels, volatility may be continuing. The market will take cues from the global markets and is expected to open on a flat to positive note tomorrow. By Intraday Tips
On the basis of daily charts and reports, we are observing that prices tested the 20day-SMA and sharply rebounded to close higher. This suggests high probability of continuation of the up move. On the upside, if indices trade above 19,620 / 5,890 levels then it is likely to test the prior swing high of 19,800 / 5,944 or even extend their gains to 19,990 / 6,000 levels in couple of trading session. On the downside, indices have support at 19,430 - 19,306 / 5,830 - 5,791 levels.
Source : Nifty Intraday Outlook For Tomorrow
On the basis of daily charts and reports, we are observing that prices tested the 20day-SMA and sharply rebounded to close higher. This suggests high probability of continuation of the up move. On the upside, if indices trade above 19,620 / 5,890 levels then it is likely to test the prior swing high of 19,800 / 5,944 or even extend their gains to 19,990 / 6,000 levels in couple of trading session. On the downside, indices have support at 19,430 - 19,306 / 5,830 - 5,791 levels.
Source : Nifty Intraday Outlook For Tomorrow