Friday, February 26, 2010

Nifty Tips - Next Week Trend

Nifty made the upside rally today back by the positive vibrations of the union budget 2010. It has faced the resistance around the level of 5005 at the 100 day moving average. Nifty made the breakout of the short term consolidation in charts but didn't sustain the upside rally and made closing near to the crucial level of 4940. We could expect that it is looking difficult for nifty to close above the level of 5050 in near term. I  recommend that traders should go for sell on Nifty close to the level of 5000 and should book the profit close to the level of 4930 to 4940 for intra day.

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3 comments:

alphabet1 said...

SWEET, SIMPLE POSTS. KEEP IT UP
alphabet1@ediffmail.com

stockmarketpredictionteam said...

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Gautam Sehgal said...

hey Miss,
Thanx 4 the comment.
hey i m wishing to invest in stock market but not familier with ,
hope u'll help me out.

Regards
Gautam Sehgal
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