Tuesday, September 14, 2010

NSE Market Review- Nifty Position for Wednesday (15 September '10)

Nifty is holding the up trend and trading close to the resistance zone of 5845 to 5850. Decisive closing above this resistance zone may lead the nifty future for the level of 6000 in near run. Today overall it was very positive session for the market and get good strong buying on upper levels also. Now technically market is looking to continue this upswing and we may expect more upper levels. In the downside the immediate support for nifty future seems close to the levels of 5750 to 5755. Closing below this support zone may slip the nifty future till the level of 5700 in near run. For intra day trading we recommend long position in nifty future above 5850 for the targets of 5900,5950,6000 in near run with the SL around 5775.


Posted By Commodity MCX Tips