Nifty continued the upward rally today and in the end made the closing in the green zone. Now nifty future looking very strong for more upside from the current levels. The next resistance for nifty future seems to be in the zone of 5700 to 5710. In the downside the immediate support for nifty future seems to be in the zone of 5540 to 5550. Decisive closing below this support zone may slip it till the lower levels of 5490 to 5500 in near run. For intra day we recommend long position in nifty future for the target of 5700 with the intra day stop loss around 5540.
Tuesday, September 7, 2010
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment