Nifty future faces the resistance close to the level of 5400 and witnessed the profit booking on higher levels and gets corrected from there till 5290 today. Nifty future could get the next support close to the support zone of 5245 to 5250. Closing below this support zone may push the nifty future till the lower levels of 5150. We recommend that traders need to watch out the levels of 5245 to 5250 and below it they could initiate the short position in nifty future for the target of 5145 to 5150 with the strict Stop Loss of 5295.
Thursday, April 8, 2010
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