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Wednesday, April 7, 2010

Nifty View and Call

Nifty future today again made the upside moves and face the resistance close to the level of 5400. In the upcoming trading sessions this upside rally could continue and nifty future could hit the higher level of 5450 in near term. We recommend that traders may initiate the longs in nifty future at the current level for the tg of 5450. Nifty future if sustain this high level might ride till the level of 5500 also. The short term support for the nifty future seems to be around the support levels of 5245 to 5250.

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