Monday, October 15, 2012

16/10/2012 Trading View

Nifty made a low of 5651 high of 5693.7 and closed at 5687.25 which is 11 points up from previous close.

Nifty find resistance between 5705-5730. Support comes at 5640.

On breaking of 5640 Nifty can go towards 5550 , 5420.

Any up move up to 5720 can be considered shorting by keeping stop loss of 5735 for the target of 5650 , 5600 , 5550 and further.

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