NIFTY TRADING SYSTEM - 03-03-2011
Open : 5506.00 High : 5598.00
Low : 5473.00 Close : 5555.00
TREND : NEUTRAL
CHOPPY SESSION…………………….
Nifty Futures closed today near yesterdays closing level of 5555. On the up side , it made an attempt to break pass the 5600 mark , but failed to get through the resistance. 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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