Friday, September 3, 2010

Nifty Position On Monday 6th September 2010

  Nifty witnessed a range bound movement today & in the end made a flat closing in red. In the upside it is facing a resistance in the zone of 5500 to 5510. Decisive closing above this resistance zone may take up it till the level of 5550 in near run. In the downside the short term support for nifty future seems to be at the levels of 5350 to 5355. Decisive closing below this support zone may slip it till the lower levels of 5295 to 5300 in near run. For trading we recommend buy on dips until it close below 5410 for the target of 5550, 5600 in near run.


Posted By Commodity MCX Tips