Friday, July 30, 2010

Today's Market Review and Trading tips for 2nd August 2010

Nifty Tips: 
Nifty witnessed the correction today from the levels of 5400 to 5420 & in the end closed Near to the level of 5370. The next support for nifty future seems to be at the level of 5350. closing below this support may slip it till the lower levels of 5290 to 5300 in near run. For the trading we recommend that traders should watch out the level of 5350, if it hold this level then one may go for long in nifty future for the targets of 5410, 5440 in near run. If it broken the level of 5350 & sustain below it for a while then one may go for sell in it with the sl around 5375 for the targets of 5305,5260 in near run.

BSE- Sensex Review
  Sensex witnessed the correction today and closed in the end in red zone. now the next short term support seems to be at the levels of 17350 to 17400. Closing below this support zone may slip it till the lower levels of 17100 to 17150 in near run. technically we might expect the bounce in Sensex from the support levels & may continue it's up trend.


Paresh said...

i expect wild moves up/down on monday, its getting harder day by day to gain intra-day :(

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