Friday, June 11, 2010

Nifty Trend For Monday (Next Week 14th June)

Nifty still not crossing the key short term resistance zone of 5200 to 5220, closing above this resistance zone may consider as the indication of trend reversal & we could expect more bounce from there.  As per the current trend of Nifty future it is expected that it might hold the trading range of 5000 to 5200 for few trading sessions. I recommend that traders should watch out the level of 5200 , if it not cross this level, one can short for the target of 5000 to 5005 in near term.

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Posted By Commodity MCX Tips