Friday, May 28, 2010

Nifty Levels For Next Week

 Nifty made the strong sessions today on upside and in the end hold the 5000 level. Still 5110 & 5205 are two crucial upside hurdles for nifty future. Closing above this level of 5205 could take up the Nifty for further up moves and could expect the trend reversal from that point. In the downside 4900 is the first major support. I recommend that traders should watch out the 5100 level if Nifty future does not break this level then one can go for sell on rise in it for the targets of 4850 to 4900 in near term.


Posted By Commodity MCX Tips