Thursday, June 17, 2010

TODAY'S NIFTY LEVEL

Nifty has yet another positive session . Overall it was the upside consolidation day for the market. in the upside 5250 is the crucial resistance. Closing above 5250 could take up the Nifty future till the higher levels of 5320 to 5325 in near term. I recommend that traders could initiate longs in nifty future above 5250. If it does not surpass this level then one could go for short in Nifty future for the target of 5150 in short term.
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