Wednesday, February 9, 2011

Nifty Intraday Technical View for 10 February 2011

Benchmark Indies S&P CNX NIFTY plummets by 59 points or 1.11 %, in today’s trading session market was volatile with negative bias. The Indian VIX which is currently at 25.24 and it was up by 2.02 % or 0.50 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5282.05, down 32.40 or 0.61 %. It is looking bearish in the coming trading session if it manages to break the support level of 5206 else above 5350 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 5350 & above this level the next resistance is seen near the 5425 mark.
SUPPORT: It has first support close to the level of 5206 & below this level the next support is seen near 5140 mark.


Posted By Commodity MCX Tips