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Monday, 20 January 2014

Nifty January 2014 series analysis forecast - 20 January 2014

Hi,

As calculated in previous post http://blog.tracknifty.com/2014/01/nifty-january-2014-series-analysis.html , today Nifty shot up nicely.
6300 forming as a solid base. 

Upmove going to have more momentum tomorrow onwards.

Nifty january 2014 analysis for 21st January 2014

Today FIIs bought 223Cr worth stock futures which can be short covering or fresh buying. As we are approaching expiry, this spree of stock future buying can bring sharp upside.

Stop loss for longs now 6280, targets 6415, 6440.

Enjoy new highs.

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com