Wednesday, September 8, 2010

Nifty Sensex Technical Levels: 9 September '10

Nifty made the flat closing of the high volatile session. Today it was the overall range bound session and we had seen both side movement in the market. Now the key thing is that still nifty future is trading above the 5540 to 5550 zone which is the good short term support zone for nifty future. Decisive closing below this support may slip it till the lower levels of 5490 to 5500 in near run. In the upside the next technical resistance seems close to the level of 5700. For intra day trading we recommend long position in nifty future from the current levels for the targets of 5650, 5700 with the intra day SL around 5540.

  Sensex witnessed the high volatile session and in the end made closing in green zone on flat note. The next resistance zone for the Sensex seems to the levels of 18850 to 18900. Decisive closing above this level may lead the Sensex towards the level of 19150 to 19200 in near run. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip the Sensex towards the lower level of 17400 in near term.


Posted By Commodity MCX Tips