Nifty, today managed to give a closing above its 5500 mark at 5530 and it will continue to face resistance at 5500 level. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. The immediate intraday support for Nifty Future seems to be at the levels of 5440 to 5450. Decisive closing below this support zone may slip it till the lower levels of 5400 and 5350 in near run. For trading we already recommended buy on dips for the targets of 5500, 5550. Those who like to initiate new long positions in Nifty Future, they might do above 5500 for the target of 5600 with a Stop Loss around 5460.
Friday, August 20, 2010
Subscribe to:
Post Comments (Atom)
2 comments:
Hi :
This is a great Nifty market trading blog from a lady trader :)
Thanks for dropping by my blog.
Regards,
Tony Chai
Thanks Tony You too have Great Blogs.. :)
Post a Comment