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Nifty future outlook for 18 Jan 2013

nifty future tips and trading strategy for tomorrow

nifty technical chart

nifty future jan expiry hourly chart 16jan2013

nifty technical analysis

Nifty jan expiry future today closed at 6051 with gains of 32 points or 0.53%.today nifty future with gap up opening hit high of 6072 while intraday low point was 6000.today nifty given 72 points low to high swing with bullish momentum and flat open interest on short covering.nifty spot index closed at 6039.

for tomorrow nifty future trend and momentum remain bullish and strategy remain buy on dips.today we seen sharp reversal from support and nifty achieved our given target of 6045 and even tried for 6095 with high of 6072.

for tomorrow on upside resistances remain at 6080 and then watch for 6140 while on downside major moving daily and eod support is now 5995 above this nifty remain buy.today move is like reversal and now hope for new high again.

on option side traders must stay long in nifty 6100 call option of feb expiry.

free nifty future tips (premarket view)

stay long in nifty future with trailing stoploss or follow buy on dips

for targets of 6095 and then 6140 on above

above 5995 swing traders can keep longs

for intraday buy nifty 6100ce feb on decline with stoploss.

 

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