Friday, October 18, 2013

Nifty EOD 18/10/2013


Nifty Intraday Chart 18/10/2013


Nifty Post

Sustaining above 6200 shall open gateway for the following earlier given targets.

Initial Targets for

Nifty Spot
6227 / 6253 / 6277

Nifty Future
6257 / 6279 / 6302

Sensex
21026 / 21100 / 21190

Nifty spot View

Market may stay ranged for some more time.  Close to 6150-6200 is Sell Zone and 6000-6050
is buy zone.  Now we are close to sell zone so let us be careful. Opportunities will again come for entering longs near the specified zone and closer to 6200 we can enter shorts. If 6200 is crossed successfully we are headed much higher.