Monday, May 13, 2013

Nifty Strategy


NIFTY FUT (6118)
Closing Base Support and Resistance
Nifty Support at 6097-6078-6059
Nifty Resistance at 6133-6161-6195

Today market will open flat. Market is in Bulls hand. Today market will be volatile after 1 hour of opening session. Last week's special session we saw nifty ends above 6100 level at 6118 after 2 years. Now if nifty sustain above 6110 for two days then we may see 6200-6313 levels very soon. Today nifty is having major support at 6097 and major resistance at 6133. Due to result season Keep sl in every trade. 
 
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Buy Nifty only above 6135 for the target of 6152-6170-6193 Keep closing base sl at 6122
 
Sell Nifty only below 6096 for the target of 6078-6060-6041 Keep closing base sl at 6110
 
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