Tuesday, April 16, 2013

Nifty Strategy for 16-4-2013


NIFTY FUT (5568)
Closing Base Support and Resistance
Nifty Support at 5502-548805455
 
Nifty Resistance at 5604-5628-5656
 
 
Today market will open gap down.  Today we may see market bounce after morning session. Nifty major resistance at 5604. If nifty sustain above 5604 then nifty may touch upto 5656. Looking to RIL result market may rise for this week. Safe trader sit in side and just have a look of market today.
 
As we told yesterday that 5499 is the major support nifty. Yesterday nifty low of 5503 and returned. You can also predict this. This is a power of Technical Analysis. It is a power of Charts. (Very soon we are going to start Technical Analysis Course. Be in touch with us)

Buy Nifty only above 5571 for the target of 5588-5604-5619. Keel closing base sl at 5559
 
Sell Nifty only below 5497 for the target of 5480-5466-5450  keep sl of 5512 on closing basis.