Tuesday, March 16, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 16 March

Today, 5150 is the crucial intraday level for Nifty.
If Nifty sustains below 5150, then it could test 5095 and below that level it could test 5060.
Instead, if Nifty trades above 5150, then it could test 5170.

Short term Technical View of Nifty

For the short term, the level 5000 is crucial. If it sustains below this level, then it is likely to test 4750. Instead, if it trades above 5000, then it is likely to test 5180.

Nifty Futures - Intraday and Positional Trading Levels, 16 March

Today, 5145 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5145, then it could test 5090 and below that level it could test 5040.
Instead, if Nifty trades above 5145, then it could test 5170.