Monday, May 10, 2010

Nifty Short term,

Nifty - Technical Outlook and Intraday Trading Levels, 10 May

Today, 5050 is the crucial intraday level for Nifty.
If Nifty sustains below 5050, then it could test 5000 and below that level it could test 4950.
Instead, if Nifty trades above 5050, then it could test 5090 and above that level it could test 5160.


Short term Technical View of Nifty

For the short term, the level 4950 is crucial. If it sustains below this level, then it is likely to test 4600. Instead, if it trades above 4950, then it is likely to test 5200.