Thursday, 20 October 2011

Nifty Outlook for 20th Oct


Nifty Future major resistance band between 5175-5187 which I have been mentioning for a while now. 

I recommend clearing up longs near this zone. Only a break-out above 5175-5187 with volumes we may see an up move towards 5223-5234 and even 5268-77. 


In any case if fails for the break-out and trades below 5141 then follow the levels of 5118-5063.The major supports are placed at 5055-5035.

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