Thursday, March 8, 2012

08/03/2012 Trading View

Nifty made a high of 5243 low of 5171 and closed at 5220 which is 2 points down from previous close.
Nifty is having tug of war between the bulls and bears and closed flat from previous close.


Nifty got support exactly at 5170 which is 200 DMA . This area of 5170-5120 will be the support zone. Breaking this can take the Nifty towards 5060.

Nifty will find resistance at 5270 above that it can move towards 5370.

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