Monday, February 22, 2010

Nifty Tips- Support & Resistance For Tomorrow

Nifty made gap-up opening today but again didn't sustain on highs and get corrected from the high side of the trading range of 4850 to 4930. As I had mentioned in previous posting that sell on high levels strategy would be appropriate in Nifty and it worked nicely today. I recommend that Nifty could be in selling pressure below the level of 4760.  In upside Nifty could face the huge resistance at the range of 4940 to 4950 level. In the downside the vital support zone seems to be around the level of 4650 to 4670.


Posted By Commodity MCX Tips