Thursday, May 5, 2011

06/05/2011 Intraday Trading Ideas

Nifty may get support at 5430 if it fails then it will reach 5350 , 5310 , 5230 .
The zone below 5300 will be danger zone for Nifty
A pull back is expected before making further fall so one can buy Nifty at 5430 with stop loss of 5390 for the target of 5550 , 5600.
Levels for today
Support 5430 , 5415 , 5400 , 5370
Resistance 5487 , 5504 , 5548 ,5560


Short RENUKA at 69 with a stop loss of 71 for the target of 66 , 63

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