Friday, July 23, 2010

Nifty Prediction - Market Trend for Monday

  Nifty today hold the higher levels & in the end closed on flat notes. Still technically we are looking well set to touch the mark of 5500, 5550 in near run. In the downside Nifty has the vital support zone close to the levels of 5290 to 5300, until it made decisive closing below this support zone one should focus on long side in nifty future. Technical indicator like RSI is also showing some more strength in it. So we recommend that traders may go for buy on dips in nifty future for the targets of 5500, 5550.

1 comments:

raaj_369info said...

as per my study...nifty will touch 5484 in early trade on monday then it will come down to 5418..if it stay above 5425 then no problem but if it break 5418 then close all your long position atleast for the coming week....ill bat on it......09723932914

 
Posted By Commodity MCX Tips