Discussion in 'Stocks' started by jreshu, Jul 17, 2010.

  1. jreshu


    Nifty is getting a strong support close to the levels of 5355 to 5370. Today overall, it was in the range bound movement in the market with high volatility. Nifty is still holding its up trend & may continue it. In the upside the next resistance seems to be around the levels of 5445 to 5455. Closing above this resistance may take up it till the higher level of 5500 in near term. We had already mentioned in our previous report that traders may go for long in nifty future with the Stop Loss around 5345 for the targets of 5450,5500. So for Monday session traders should focus on buy on dips in nifty future.

    Nifty Support and Resistance:-
    Pivot Level = 5392
    Support1 = 5380 Resistance1 = 5413
    Support2 = 5359 Resistance2 = 5425
    Support3 = 5347 Resistance3 = 5446