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Tuesday, 20 May 2014

NIFTY FUTURE OUTLOOK 21st MAY 2014

Technical View:

Nifty futures ended on a flate note with a new closing high on Tuesday. Nifty future closing to record closing high, managing a fourth consecutive session of gains Nifty futures closed at 7300 with a high of 7347. Nifty for next trading session would have the resistance of 7350 if it breaks this level than having the next resistance of 7465 and in down side having the support of 7260 if it breaks this level than having the next support of 7215.


Pivot level:

S3 7143
S2  7224
S1 7262
PIVOT  7305
R1  7343
R2  7385
R3  7466

Trading Strategy:
BUY ON DIPS.


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