Nifty faced stiff resistance above 5405 levels as envisaged last week.The bull run may continue if it trades above 5395 with good volumes in the next few sessionsin which case it should aim for 5712. However this week may see unwinding of longs. The immediate support is at 5310/ 5280 which if broken may take Nifty to 5210, 5100 and then . Traders on the long side are advised to book their profits partailly or hedge their longs depending on the above.
Sunday, February 12, 2012
S&P CNX Nifty for the week 13th February 2012 to 17th February 2012.
Nifty faced stiff resistance above 5405 levels as envisaged last week.The bull run may continue if it trades above 5395 with good volumes in the next few sessionsin which case it should aim for 5712. However this week may see unwinding of longs. The immediate support is at 5310/ 5280 which if broken may take Nifty to 5210, 5100 and then . Traders on the long side are advised to book their profits partailly or hedge their longs depending on the above.
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