Tuesday, May 4, 2010

Nifty Tips- Day Tips For tomorrow

Nifty made the strong correction today and also made closing below the level of 5150. Now the nifty might has reversed its medium term trend and could continue the selling pressure for while. In the previous report as I had already mentioend that traders could go for short in nifty future below 5200 for the tg of 5100 to 5105; it is looking to touch in upcoming trading sessions. In the downside we could see the good support zone at 5100 to 5105. Closing below this support zone may drop the nifty future till the lower levels of 5020 to 5025 in near term. I recommend that traders could hold the short with the sl of 5205 and those who like to initiate new shorts could do below the level of 5100 for the tg of 5025


Posted By Commodity MCX Tips