Thursday, July 19, 2012

Nifty Today Levels- 19 July

With a strong Opening Note, Nifty started off the day well and has gained more than 30 points in first few minutes of the trade. US markets closed higher yesterday and Asian markets are also trading up in this hour so Indian market witnessed a green start up.

If nifty manages to stay above 5250 consistently, we can expect this upside to last for the day long. Above 5270, Nifty may even touch 5300+ levels today.

Technically also, market was almost like in oversold position so the trend is likely to persist for the day. But inability to sustain above 5250 may negate our bullish view.

Future Traders can buy nifty above 5270 for the target of 5300-5320 level.


Posted By Commodity MCX Tips