Nifty closed -2.35% in previous trading session,
dragging Nifty to 4950-4970 levels.
Above 5100 almost 200-250 points gain in Nifty
is expected.
Below 4900 Nifty is more weak. If Nifty breaks
4880 and traded below that level then the Nifty
trend will change to bearish mode.
For Intraday (09/12/2011)
Buy Nifty above 5000 SL 4970 TGT 5040
Short Nifty below 4920 SL 4950 TGT 4880
Support 1 - 4895 Resistance 1 - 5020
Support 2 - 4845 Resistance 2 - 5100
Support 3 - 4763 Resistance 3 - 5150
(ALL SPOT LEVELS)
dragging Nifty to 4950-4970 levels.
Above 5100 almost 200-250 points gain in Nifty
is expected.
Below 4900 Nifty is more weak. If Nifty breaks
4880 and traded below that level then the Nifty
trend will change to bearish mode.
For Intraday (09/12/2011)
Buy Nifty above 5000 SL 4970 TGT 5040
Short Nifty below 4920 SL 4950 TGT 4880
Support 1 - 4895 Resistance 1 - 5020
Support 2 - 4845 Resistance 2 - 5100
Support 3 - 4763 Resistance 3 - 5150
(ALL SPOT LEVELS)