Nifty witnessed the correction today from the levels of 5400 to 5420 & in the end closed near to the level of 5370. The next support for nifty future seems to be at the level of 5350. Closing below this support may slip it till the lower levels of 5290 to 5300 in near run. For the trading we recommend that traders should watch out the level of 5350, if it hold this level then one may go for long in nifty future for the targets of 5410, 5440 in near run. If it broken the level of 5350 & sustain below it for a while then one may go for sell in it with the slop loss around 5375 for the targets of 5305, 5260 in near run.
Friday, July 30, 2010
Subscribe to:
Post Comments (Atom)
1 comments:
A mixed bag of sellers both in DII's and FII's and sell the Front Runners Stocks..but Nifty will fool everyone rather going down it will start moving up to a zone of 5500 to 5600 as the OI in 5600 to 5500 is highest among the lot.you are right 5290 to 5350 can be a good support zone for the Nifty...
Post a Comment