RSS

Tuesday, May 25, 2010

Technical View and Advice on Nifty Future

Nifty future witnessed the huge correction today and in the end managed to close above 4800 mark. As we had already recommended shorts in nifty future for the targets of 4900, 4830, today its done. Now nifty future is looking to continue this downward rally and we could see more downside in it from the current levels. In the downside two key supports are 4730 & 4660. We recommend that shorts in nifty future could be hold for the targets of 4700 and 4680. Those traders who like to initiate new shorts in nifty future could do it below the level of 4770 with the stop loss of 4805. 

0 comments:

Post a Comment

 
Real Time Web Analytics