Earlier, I have given 4950 as the crucial level and also it was given that above that level it could 5050. Now Nifty has crossed 5050 level also and it looks it is likely to test 5180 in coming trading session. Going by the price pattern it seems Nifty is likely to remain above 4750 for another two months and it is likely to test 5300 in coming trading months in the upper side.
Wednesday, March 03, 2010
Nifty - Technical Outlook and Intraday Trading Levels, 3 March
Today, 5000 is the crucial intraday level for Nifty.If Nifty sustains below 5000, then it could test 4950 and below that level it could test 4880.
Instead, if Nifty trades above 5000, then it could test 5050 and above that level it coud test 5080.
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 4400. Instead, if it trades above 4950, then it is likely to test 5050.
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