Nifty Daily View (05/12/2011)

Do you think author should post his Nifty view daily?

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future.nifty50

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#1
#1
05/12/2011
NIFTY VIEW

Nifty breaked its strong resistence 5025 and
sustained above that level.
A Bull rally up to 5270 - 5300 levels is expected.
Below 4900 Nifty is very weak, if touched 4900
and sustained below that level then Nifty may see
new low.



For Intraday (05/12/2011)

Buy Nifty above 5070 SL 5040 TGT 5110

Short Nifty below 4970 SL 5000 TGT 4930


Support 1 - 4956 Resistance 1 - 5100


Support 2 - 4867 Resistance 2 - 5156


Support 3 - 4812 Resistance 3 - 5245
(ALL SPOT LEVELS)
 
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