Friday, February 5, 2010

Market Trend-Nifty Next Week Position

Nifty has broken vital support base of 4750 to 4800 today & also made closing below it. As we had already mentioned in our previous reports that the down trend could be continue in market & we could see the level of 4700, so today it happened. Now we could see the major support base around the level of 4650. If nifty breaks this level & closes below, it could reach to the level of 4500. We recommend that traders should go for sell on Nifty future around 4750 level & they should book profit around the level of 4650 with stop loss of 4800.


Posted By Commodity MCX Tips