Thursday, September 9, 2010

Share Market Review: Prediction for Monday 13 September '10

Nifty continue the upward move today and made the yet another positive session. Today it most of the time trade above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead the nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. For intra day trading we recommend long position in Nifty future from the current levels for the target of 5700 with the SL around 5585.


  Sensex witnessed the positive session and in the end made the closing in the green zone. Now the next key resistance for Sensex seems close to the level of 19000. Decisive closing above this resistance may guide the Sensex towards the levels of 19150 to 19200 in near run. In the downside the immediate support for Sensex seems close to the levels of 18530. Decisive closing below this support may slip it till the lower level of 18360 in near run. 

1 comments:

rochak parekh said...

dear friend

thanks for ur appreciation about my blog.

we dont trade in nifty.

we trade only in stocks individual on the basis of my own derivated concept volume price individual, since i believe there is always a bull market some where, irrespective of indices movement.

regards

http://stock2gains.blogspot.com/

 
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