Nifty: Resistance 5910/5930/5950/5980
Support 5880/5850/5830/5815
Nifty commenced the day on flattish note & it remained in a rangebound session. Today, again, intraday basis Nifty has a support at 5880 and is likely to face a stiff resistance near 5930. If Nifty breaks 5880-5870, it may further go down to 5830-5815. However, if it is able to sustain above 5930, the level of 5980+ would become the next target zone. Overall Indian markets are likely to be rangebound in the absence of any significant trigger, however the commencement of the budgetary session on February 21,2013 may hog the limelight.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Support 5880/5850/5830/5815
Nifty commenced the day on flattish note & it remained in a rangebound session. Today, again, intraday basis Nifty has a support at 5880 and is likely to face a stiff resistance near 5930. If Nifty breaks 5880-5870, it may further go down to 5830-5815. However, if it is able to sustain above 5930, the level of 5980+ would become the next target zone. Overall Indian markets are likely to be rangebound in the absence of any significant trigger, however the commencement of the budgetary session on February 21,2013 may hog the limelight.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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