Thursday, March 14, 2013

Today's Nifty Strategy 14-3-2013


NIFTY FUT (5861) 
Closing Base Support & Resistance
Nifty Support at 5858-5830-5801

Nifty Resistance at 5890-5910-5939


Today Market will open flat to little negative zone.  Today Indian WPI data will declare near 12 noon. Till time market will remain volatile. Nifty is having very good support at 5858 and Final support for 5801. After
morning session market may bounce. If nifty sustain above 5890 then only take buy position with strict sl
Yesterday we told here that if  nifty sustain below 5900 then it may touch upto 5886-5858. See yesterday's nifty low at 5858.

Today sell Nifty only  below 5850 for the target of 5831-5815-5802 keep sl of 5865 on closing basis.

Today if Nifty sustain above 5890 then buy for the target of 5910-5921-5936. Keep sl of 5873 closing basis. (Today's buy call for Risk taker traders only.)


If nifty close below 5800 then dont hold any long positions. remain neutral in market.