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Tuesday, March 16, 2010

Nifty Trend

Nifty made the upside breakout today and also made closing above 5175 level. As we had already mentioned in our previous report that if nifty future break above 5175 & close we could expect the level of 5230. Today it almost reached close to it. Now we are expecting that this upside rally could continue in market and might see the level of 5300 if it close above 5250 level. We recommend long position in nifty future and traders should also book the profit once close to the level of 5300.


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