Friday, January 20, 2012

Nifty Futures tips & Nifty Analysis

Nifty Futures tips, Nifty tips -
  • Sell Nifty futures @ 5037-5033 Target 5018 Stop Los 5065.
  • Nifty F&O Call: Buy at 5021 with a 1-2 day target of 5091.
  • Sell Rcom futures above 90.70 Stop Loss 506.   More tips>>
Nifty Analysis -
Nifty ended on a positive note for yesterday and gave a close near the resistance level of 5030-5050. Nifty continues to remain highly overbought in the short term. Thus if the present momentum fails to take it higher beyond 5030-5050 then we may expect a correction in next couple of sessions. On the downside now the range of 4900 to 4880 would offer support in the immediate term, whereas the level of 4825 would serve as a critical level below which the recent uptrend may reverse. On the upside the level of 5099 is the key resistance to watch out for.
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