Wednesday, May 26, 2010

NSE Index trading tips- Nifty Recommendations

Tips For Thursday -
Nifty future today gain more than 100 points and in the end managed to close above 4900 level, but this could not be consider as trend reversal. Still market is facing the resistance on higher levels and could correct from the current levels. In the upside 5025 is the crucial resistance closing above may take up it till the higher levels of 5090 to 5100 in near term. in the downside closing below 4750 to 4770 support range may slide it till the lower levels of 4660 to 4670 in short term. I recommend that traders Should go for sell on rise in Nifty future.

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