Thursday, August 26, 2010
NIFTY TRADING YSTEM
NIFTY ( SPOT): OPEN:5462.10 HIGH:5486.55 LOW:5454.70 CLOSE:5477.20
NIFTY ( FUT ): OPEN:5470.25 HIGH:5489.00 LOW:5458.00 CLOSE:5477.65
Nifty Futures on the august expiry day traded lackluster trying to find the direction on either sides . On the upside it has to cross pass the 5500 mark and thereafter the 5550 level with good volumes and positive momentum to make an attempt towards the 5600 zone. On the down side the level to watch for are 5400 and thereafter the all important 5350 level which may act as a support level to any immediate down fall .
Our view on Nifty Futures is Flat . Nifty Futures is trading in a range of 5420-5550 on daily charts. Hence any dips in the market can be treated as buying opportunity with appropriate stop loss.
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