Monday, April 30, 2012

Nifty Trend Today and Technical Outlook

Today Nifty, After a flat start, showing positive momentum and expected to trade higher. Technically sustaining above 5245 level would prevail the positive momentum in the market and above this level, 5260 is the crucial resistance level. On the downside, 5292 is the support level for Nifty. Trading range for Nifty Futures is likely to remain between 5180-5275 level. The Nifty is likely to trade in the range of 5190-5270. One should go for buy in Futures if the Nifty takes support at around 5200 levels for targets of 5235 and 5258. On the other hand, one can also create short positions if it resists at around 5260 levels.


Posted By Commodity MCX Tips