Monday, 25 February 2013

The Market outlook for Nifty and Crude oil for the day of 25th February


Trading the nifty on 25th  February

Today as I write this the global markets are in the green. The Nifty tends to move sideways. Therefore we can say that if it opens positively, above 5852, targets of 5868 and 5887 are possible. If the Nifty goes below 5833 it could see targets of 5816 and 5797.
STATUS                   NEUTRAL
RESISTANCE          5871, 5890
SUPPORT                5814, 5795


Crudeoil trading levels for 25th February


The crude is on a downtrend. A buy can be made above 5076 for the targets of 5091 and 5109. Shorting can be done below 5058, for the targets of 5043 and 5025.

STATUS                   NEUTRAL
RESISTANCE          5094, 5112
SUPPORT                5041, 5023

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