NIFTY OUTLOOK

>> Wednesday, June 23, 2010

"5345 to 5290" - decisive into tomorrow's trade.

5330 is the all important pivot level for nifty on expiry day.

5345- 5360 will act as strong resistance.

Trading above this level could see nifty moving to 5380-5390.


Similarly 5290 - 5305 will act as support region for nifty.


Trading below this level could see nifty moving to 5275.


Volumes indicate another narrow range day.


An expiry without fireworks ?? Let us wait and see tomorrow.

5380-5400-5250 OVER ALL RANGE

WE EXPECT NEGATIVE DAY. BUT DONT EXPECT

ANY FREE FALL






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