NIFTY OUTLOOK

NIFTY TOMORROW MAYBE HIGH & LOW IS

6227 & 6147

Call Option 6200-6500 added (27.5 lacs) OI with unwinding seen at 6100 and lower strike price. Put Options 5800-6200 added (26.7 lacs) huge OI with some addition also seen at 5700 strike price

Current Spot: 6159.45

Pivot: 6175

5DEMA: 6090

10DEMA: 6027

20DEMA: 5910

50DEMA: 5697

RSI (7 days): 82.71

Parabolic SAR: 5969

Supports: 6129 - 6098

Resistance: 6206 - 6253

NIFTY SAR IS 6020

EURO AND US DOLLAR WEEKENING AGAINST ALL ASIAN CURENCIES.

AS LONG AS THIS TREND CONTINUES FII'S WILL

BUY ASIAN STOCKS AND HEDGE THEIR DOLLAR. SO BEARS HAVE

TO WATCH RUPEE MOVEMENT BEFORE MAKING SHORTS.

WE HOPE THIS CONSOLIDATION

BETWEEN 6044 AND 6244 WILL CONTINUE UP TO WEDNESDAY

AND THEN NIFTY MAY MAKE ANOTHER CLEAR MOVE