Wednesday, May 12, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 12 May

Today, 5180 is the crucial intraday level for Nifty.
If Nifty sustains below 5180, then it could test 5120.
Instead, if Nifty trades above 5180, then it could test 5230.


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.

Nifty Futures - Intraday and Positional Trading Levels, 12 May

Today, 5180 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5180, then it could test 5120.
Instead, if Nifty futures trades above 5180, then it could test 5220.