Market Outlook for 9th October, 2013

Nifty Future:

Resistance around 5973 and crossover of 5979, will move to 6020 – 6070

Support around 5887 and breaking 5881, will fall to 5840 – 5790

Nifty option: (6000 PE )

Above 181 will move to 220 – 250 – 285 and below 168 will fall to 123 – 100

Bank Nifty: ( 10300 PE)

Above 444 will move to 530 – 575 – 620 and below 369 will fall to 298 – 260 -230

Stock Future:

Short HDFC bank below 636 with Stop at 645. TGT 624 – 610

Short JSW Steel below 785 with Stop at 794. TGT 770 – 755

Good Luck !!