Nifty is likely to rally towards 6125 levels by expiry of this month, if it sustains above 6045 today. If it sustains all through the day today, then it is likely to top between 6125 and 6150 for September Expiry. The rally towards 6125 is likely to be followed by a correction towards 5700 by next month end.
Trade long above 6040 for a target of 6125.
Wednesday, September 29, 2010
Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 29 September 2010
Today, 6045 is the crucial intraday level for Nifty.If Nifty sustains below 6045, then it could test 6015.
Instead, if Nifty trades above 6045, then it could test 6100.
Instead, if Nifty trades above 6045, then it could test 6100.
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