Monday, May 11, 2009

NIFTY OUTLOOK FOR NIFTY TRADERS:

Nifty trading levels for Risk players:

Buy Nifty above 3710 keeping sl @ 3680 for a tgt of 3755-3775
sell Nifty around 3670 or higher with sl 3705 for a tgt of 3610-3550-3500

Nifty trading levels for Safe players:

Buy Nifty above 3730 sl 3700 tgt 3755
Sell Nifty below 3600 with sl @ 1% for a tgt of 3550 - Then if 3540 is broken with volumes then next tgt for Nifty short 3500

Major resistance zone for Nifty 3720/3780/3815 +/- 15points
Major support zone for Nifty 3580/3540/3480 +/- 15points

All above levels are in accordance to Nifty fut.
Above levels may change later as per market movement.

1 comment: