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Monday, March 8, 2010

Technical View on NIFTY (Tips)

Nifty today made gap up opening and face resistance at the level of 5145 to 5150. In nifty we still expecting that in short run it might give you the level of 5205 if it close above 5150. In the downside the support base is looking at the level of 4990 to 5000. Closing below could take it the nifty till 4900. We recommend long position in nifty future at every decline until it close below the level of 5000.  



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