Wednesday, July 11, 2012

12/07/2012 Trading View

Nifty made a low of 5300 high of 5336 and closed at 5306 which is 39 points down from previous close.

Nifty found support at 5300 for the day and moved in a narrow range for the whole day. The next support  comes at 5255below this it can go towards 5190-5160.

The resistance comes at 5350-5370. on breaking this it can go towards 5450 and further.

As today is the result of the IT giant INFY and TCS the whole market will be based on the result only.So trade accordingly.

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