Friday, June 18, 2010

NIFTY FUTURE FOR MONDAY (21 June)

 Nifty faced the resistance close to the higher level of 5300 today. It was overall the range bound movement with negative bias. Now technically still we are expecting that Nifty future is looking strong due to overall holdings of the support levels. One could expect some more upside close to the levels of 5335 to 5350 in near term. In the downside the intraday support seems to be around the levels of 5200 to 5205.  Nifty Tips for traders is that they could focus on both side if it break 5300 that they could initiate long in it for the target of 5350 & if it does not break 5300 so they could go for sell on rise in it for the targets of 5210 to 5215 in near term.

3 comments:

nifty said...

Thanks.

Paresh said...

can i buy a 5500 call now ??

Nifty Tips said...

yes If Nifty Closses the level of 5400.

 
Posted By Commodity MCX Tips