Tuesday, October 7, 2014

NIFTY OUTLOOK FOR TOMORROW 08/10/2014

Sell Tatasteel Future below 442 Tgt 438.20/436.40 Sl 445
Bearishness was witnessed in the market throughout the day. The  Sensex ended nearly 300 points lower following a sharp correction in European markets. Nifty has breached at 7850  Today nifty slipped below the level 7900 and closed at 7852.The 50-share index  down 93 points The Sensex ended at 26,271, down 296  points .future started at 7929 made a high of 7970 and low of 7883 and closed at 7892, total 87 points was moved by nifty future throughout the day.
Tomorrow nifty will move in the range of 7890-7955. Some bullishness only expect if nifty cross the level 7972-7855. The level 7835-7820 will act as supporting levels for nifty.
RESISTANCE: 7860, 7900, 7940
SUPPORT:  7920, 7780, 7740

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