NIFTY TRADING SYSTEM - 04-03-2011
Open : 5578.00 High : 5612.00
Low : 5518.00 Close : 5548.00
TREND : NEUTRAL
MID EAST CRISIS HANGS OVER DALAL STREET…………
Nifty Futures closed the day on a flat note @ 5548. Technically , there is a major resistance around the 5600 zone. Nifty Futures made today the second attempt to break pass the 5600 level , but failed to do so.There is a minor support zone forming at 5450 level, breaking of which will lead the Nifty Futures back towards the 5200 zone.
Nifty Futures seems to be trading in a range of 400 points , between the support area of 5200 and resistance of 5600. Breaking this range on either side will lead to a 200 point movement.
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