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Monday, April 19, 2010

Technical Recommendation Nifty

Nifty witnessed huge selling pressure today and taste the crucial support base of 5200 today. Nifty closed at one month low triggered by sell -off in global market. Now nifty future could get the good support close to the level of 5150 to 5160. Closing below may drag the nifty future for further correction till 5100 to 5105 range. We recommend that traders now may sell nifty future around the current level with the stop loss of 5255. In the downside we are expecting technically more selling.


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