Thursday, May 27, 2010

Nifty Levels- Technical View on Nifty

Nifty Future Tips (28/052010) -  
Nifty made the strong recovery today from the lower side and in the end managed to close above 5000 level. Upside rally in nifty future led by the global cues & buying in heavyweights. Nifty future can face the next resistance close to the resistance range of 5100 to 5110. Closing above can take up the market till the levels of 5190 to 5200 in near term. I recommend still traders should go for sell on rise in Nifty Future until it made closing above 5100. In the downside one can get the levels of 4900 to 4910 in short term.



i do agree..but i think in days to come.. some news is going to burst the market either side.
i think china problem is the next thing... nobody is talking about it right now..but you never know... what is there in the making..

i am short at 5046

Posted By Commodity MCX Tips