Wednesday, August 11, 2010

Nifty Tips : Trading recommendation for 12 August 2010

Nifty witnessed the correction today & in the end closed near to the levels of 5400 to 5405. The next crucial support zone for nifty future seems to be at the levels of 5350 to 5360. Decisive closing below this support zone may slip it till the levels of 5300 to 5305 in near run. Technically nifty still looking get back from the current levels, so one may keep long in nifty future until it close below 5350 for the targets of 5500,5550.

  Sensex witnessed the correction today and in the end closed near to the level of 18070. The next short term key support for Sensex seems to be at the levels of 17820 to 17850. Decisive closing below this support zone may slip it till the lower levels of 17400 to 17500 in near run. Sensex technically still looking strong to bounce back from the support levels.

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Posted By Commodity MCX Tips