Nifty is going to see new high in coming year

In the May month expiry we have seen NIFTy was trading in the range of 6000-6100.
Also the continuity fund inflow from FIIs showing some more strength in NIFTy future.

This is a good sign for all NIFTY traders that Indian stock market will witness this 2013 to see a new high.

Closing above 5970 confirmed that NIFTY has a strong support at 5800-5750 which can take NIFTy towards 6180 and more in this month and which will be a good momentum for non stop rally upto 6300.
If we cross 6300 then there is no doubt that before the year end of 2013 we can see new high up to 6700-6900.

So you can stay long in NIFTY future by giving stop loss of 5750.

Nifty position target and view