Monday, February 6, 2012

07/02/2012 Trading Views

Nifty made a high of 5390 low of 5327 and closed at 5361 which is 35 points up from previous close.

Nifty made a gap up open but came down and filled the gap but some how managed to close higher.

Nifty will be finding resistance at 5450 which will be the 50 % Retracement level from high of 6338 and low of 4531.

On closing above this the bullish trend will get confirmed.

Nifty will find support at 5200.

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