Wednesday, January 12, 2011

Nifty Intraday Trading Tips For 13 Jan 2011

Nifty future was highly volatile in last 2 trading sessions but still managed to hold its strong support level of 5700 . It has shown some resilience around 5680-5700 and ended up with green signal. If nifty future breaks 5925/ level we can see some more up move in it . One should take long position in it with stop loss of 5700,Resistance for nifty future is at 5925/6000 and has support of 5745/5700 levels.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5745 & below this level the next support is seen near 5700 mark.

Trading Tips:

Strategy : Buy On Dips
Buy  at  5825  TG- 5850-5875-5900 SL- 5700


Posted By Commodity MCX Tips