Monday, June 7, 2010

Nifty Position for tomorrow

Nifty made the closing today above 5000 with the negative biased. Today it made the gap down opening & after it just witnessed the range bound movement. It is still technically  expected that market may witness more correction from the current levels. In the downside 4660 to 4700 is looking the key support base for Nifty future. I recommend that traders could initiate shorts position in Nifty future below 4980 for the targets of 4900 to 4905 for intra day trading.


Posted By Commodity MCX Tips