Watch your moves in Market Today !! (May 22, 2013)
As seen, Nifty is trading range bound since morning. It is trading between its intraday resistance of 6145 & support of 6103 levels. If it manages to break 6145 level & sustain above this level, then a rally might be seen till 6180 & Nifty might face minor resistance at 6165 levels. On the down side, 6103 is a strong support level, if Nifty manages to break this level then we might see correction till 6040 levels. Traders can look for short positions in REALITY & INFRA Sectors. Long Positions in FMCG, PHARMA & BANKING sectors for intraday game.
As seen, Nifty is trading range bound since morning. It is trading between its intraday resistance of 6145 & support of 6103 levels. If it manages to break 6145 level & sustain above this level, then a rally might be seen till 6180 & Nifty might face minor resistance at 6165 levels. On the down side, 6103 is a strong support level, if Nifty manages to break this level then we might see correction till 6040 levels. Traders can look for short positions in REALITY & INFRA Sectors. Long Positions in FMCG, PHARMA & BANKING sectors for intraday game.
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