Monday, March 08, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 8 March

Today, 5065 is the crucial intraday level for Nifty.
If Nifty sustains below 5065, then it could test 5030 and below that level it could test 5000.
Instead, if Nifty trades above 5065, then it could test 5100 and above that level it coud test 5150.

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.

Sensex- Technical Outlook and Trading Levels, 8 March

Today, 16940 is the crucial intraday level for Sensex.
If Sensex sustains below 16940, then it could test 16810 and below that level it could test 16700.
Instead, if Sensex trades above 16940, then it could test 17050 and above that level it could test 17300.