Nifty again today get the good buying support close to the level of 5200. In the upside 5255 to 5260 range is the intraday resistance zone. Closing above may further hike the nifty future till the higher levels of 5300 to 5310 in near term. We recommend that traders may go for short in nifty future below the level of 5200 for the target of 5100 to 5105 with the stop loss of 5245. Traders could also go for long in nifty future in intraday above the level of 5260 for the target of 5305 to 5310 with the stop loss of 5215.
Tuesday, April 20, 2010
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