Monday, September 16, 2013

Nifty Future Mantra - 16.09.2013










Good Morning and Wish You a Happy Trading Session ……..

Did you know Friday’s turnover (858996 in lacks) was least among last 20 trading sessions?

This week’s volatility will be very high (VIX --- 28.29), the reasons are RBI monetary policy declaration and US Fed‘s declaration on it’s bond buying program. Therefore trade with strict stop losses.



Today If Nifty Future able to cross 5912/18 level with volume then will face next resistance at 5955…..

Above this level very vital resistance is 5998…….

Single closing above 5998 may pull Nifty Future above 6107/17…6226…



Today vital support is 5820………5814……

Crucial support level is 5761/5755………..Single closing below last support level may meltdown towards 5644……..

Kolkata,05:55, 16th Sept.’2013

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