Wednesday, June 3, 2009

NIFTY OUTLOOK FOR NIFTY TRADERS:

Nifty trading levels for Risk players:

Buy Nifty around 4510-4520 keeping sl @ 4475 for a tgt of 4565-4620-4675-4695
sell Nifty below 4470 with sl 4510 for a tgt of 4430-4402

Nifty trading levels for Safe players:

Buy Nifty above 4565 sl 4530 tgt 4620-4650-4680
Sell Nifty below 4445 with sl @ 1% for a tgt of 4420-4405 -

If 4390 is broken with volumes then next tgt for Nifty short 4355-4270

Major resistance zone for Nifty 4570/4635/4700 +/- 15points
Major support zone for Nifty 4505/4475/4450 +/- 15points

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

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