Wednesday, January 12, 2011

13/01/2011 View of NIFTY

Nifty spot just gave a pullback move and closed at 5863.25

Todays market depends upon INFOSYS result.

one can use these level
support   5824.80 ,  5801.022 , 5781.8  , 5762.578 , 5738.794  , 5700

Resistance  5901.69 ,5925.47 ,  5944

when Nifty goes below 5822 short it with a stoploss of 5838 for the target of 5755

Nifty spot is having strong Resistance at 5940-5950 one can go for short at this level with a stop loss at 5972 for the target1 5878 tar 2 5830 tar3 5755

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