Monday, July 26, 2010

Today's Market Review- Take EveryDip as Buying opportunity In Nifty, Sensex Is technically Strong

Nifty witnessed the range bound movement with negative biasness in the whole day of trading. In the downside it is having the crucial support near to the level of 5350. Closing below this support level may slip it till the lower levels of 5290 to 5300 in near run. Technically nifty still holding the higher levels & getting good buying support on lower side. I recommend that traders may consider every dip as buying opportunity & should focus on buy on dips until it close below 5350 for the targets of 5500, 5550 in near run.

Sensex is sustaining at higher levels of 18000 & the next resistance range for it seems to be at the levels of 18300 to 18350. Closing above this resistance range may lead it towards the levels of 18800 to 18900 in near run. Technical indicators are also showing some more strength in the market.


Posted By Commodity MCX Tips