STRONG BUYING INTEREST TOWARDS FINAL SESSION OF TRADING YESTERDAY COUPLED WITH POSITIVE GLOBAL CUES COULD HELP NIFTY MOVE PAST 5800 IN THE FIRST FEW MINUTES OF TRADING. A GAP UP OPENING ( + 30 POINTS ) IS EXPECTED. VOLATILITY TO CONTINUE WITH CORPORATES ANNOUNCING THEIR Q4 FY11 NUMBERS.
NIFTY COULD TRADE IN THE BROAD RANGE OF 5680 - 5860.
BUY NIFTY FUT ABOVE 5880 FOR TARGETS OF 5810/5835/5860
SELL NIFTY FUT BELOW 5730 FOR TARGETS OF 5705/5680/5640
NIFTY TAKING SUPPORT AT 200 DMA OF 5725 IS THE ONLY POSITIVE. TREND IS STILL NEGATIVE. TRADE WITH STRICT STOP LOSS
RAJAN IYER
NIFTY COULD TRADE IN THE BROAD RANGE OF 5680 - 5860.
BUY NIFTY FUT ABOVE 5880 FOR TARGETS OF 5810/5835/5860
SELL NIFTY FUT BELOW 5730 FOR TARGETS OF 5705/5680/5640
NIFTY TAKING SUPPORT AT 200 DMA OF 5725 IS THE ONLY POSITIVE. TREND IS STILL NEGATIVE. TRADE WITH STRICT STOP LOSS
RAJAN IYER
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