Wednesday, March 13, 2013

Today's Nifty Strategy 13-3-2013


NIFTY FUT (5937.25) 
Closing Base Support & Resistance
Nifty Support at 5925-5900-5886
Nifty Resistance at 5959-5983

Today Market will open flat to little negative side. Yesterday IIP data showed strength but CPI Inflation data also rise. So, we saw yesterday highly volatile day. Today we may see again highly volatile day. If nifty sustain below 5900 then it may touch upto 5886-5858.
Today if Nifty sustain above 5960 then buy for the target of 5973-5985-5999. Keep sl of 5951 closing basis. (Today's buy call for Risk taker traders only.)
Today sell Nifty only  below 5924 for the target of 5909-5893-5872 keep sl of 5937 on closing basis.

 If nifty close below 5897 then dont hold any long positions. remain neutral in market. 
  
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