Nifty continued the upward move today and made a yet another positive session. Today most of the time it traded above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. For intra day trading we recommend long position in nifty future from the current levels for the target of 5700 with a stop loss around 5585.
Friday, September 10, 2010
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