Nifty edged lower on concern foreign capital inflow will slow after a Federal Reserve report on Wednesday, 19 February 2014, showed support for a plan to reduce monetary stimulus for the US economy. Nifty closed at 6091 with negative bias whole day. FII Bought INR 206.46 crs and DII Sold INR 600.71 crs.
Shorterm Trend
Nifty went below 6140 and so was not able to stay above this level for second day which indicates we are not out of woods and this could be relief rally and to sustain this up it stay above 6140 for two days to move to 6180 and 6220 and if it stay below 6100 for one more day we are heading towards 6050 and 6000.
Intraday Levels
As indicated by cues we could open flat below 6000 and If Nifty can trade above 6105 for 10 minutes we could see 6120 and 6135and on the lower side below 6080 for 10 minutes we could see 6060 and 6050.
Top pics for the day are Adani Ent, OBC, BankBaroda, Tata Steel, Divis Labs, Century Text and Ranbaxy for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
Would look to sell Gold, Silver, Nickel, Copper and Zinc where as look to buy Crude and Natural Gas , but suggest to trade based on levels in live market and my above outlook is based on broader trend based on previous days data.
Pivot Levels
Shorterm Trend
Nifty went below 6140 and so was not able to stay above this level for second day which indicates we are not out of woods and this could be relief rally and to sustain this up it stay above 6140 for two days to move to 6180 and 6220 and if it stay below 6100 for one more day we are heading towards 6050 and 6000.
Intraday Levels
As indicated by cues we could open flat below 6000 and If Nifty can trade above 6105 for 10 minutes we could see 6120 and 6135and on the lower side below 6080 for 10 minutes we could see 6060 and 6050.
Top pics for the day are Adani Ent, OBC, BankBaroda, Tata Steel, Divis Labs, Century Text and Ranbaxy for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
Would look to sell Gold, Silver, Nickel, Copper and Zinc where as look to buy Crude and Natural Gas , but suggest to trade based on levels in live market and my above outlook is based on broader trend based on previous days data.
Pivot Levels
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