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    Nifty View for March 09-16th


    Posts : 954
    Points : 1698
    Join date : 2009-01-12

    Nifty View for March 09-16th

    Post  mr.traderji on Mon Mar 08, 2010 10:47 pm

    Dear friends,

    We have suggested to go long in the market at 4850 levels for a target 5050 last month , Nifty now trading at 5130-5140 levels.

    Now for the next 10 days view , Still the market trend is up so every dip funds will support the market & we are having Stiff resistance at 5200-5220 levels (monthly Resistance )

    If anyone needs to take a trade against the market trend ,you can keep the stoploss worst case for shorts at 5220 max !! for a probable target 5000-4970 .

    If & only if nifty fut closes above 5220 levels ,bulls will be favored for target 5560.

    Good luck

      Current date/time is Fri Nov 16, 2018 1:33 am