Friday, March 15, 2013

Today's Nifty Strategy 15-3-2013


NIFTY FUT (5939.75)
Closing Base Support & Resistance
Nifty Support at 5913-5904-5875
Nifty Resistance at 5973-5990-6027
Today Market will open flat. Today market will be consolidate in narrow range. Yesterday we told that Nifty support at 5801 and nifty made low of 5805 and returned. Yesterday we also told that nifty
Resistance at 5939 and nifty closed at 5939.75. This is not magic, its a power of charts and Technical Analysis.

Yesterday we saw Nifty showed  very good strength. Buyer's took the charge and nifty jumped above 5900
and closed at 5939. Today If nifty sustain and close above 5973 then we are hopeful for nifty may touch 6120 level very soon. 




Today if Nifty sustain above 5975 then buy for the target of 5989-6010-6025. Keep sl of 5960 closing basis. (keep sl strict)

Today sell Nifty only  below 5920 for the target of 5905-5891-5877 keep sl of 5938 on closing basis.

Today if nifty breaks 5900 series and close below this level, then dont hold any long positions.


  

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