Thursday, April 8, 2010

NIFTY TODAY
Today nifty ended in red. It broke crucial supports 5355and 5327 and closed below this level. It had also touched this week low and closed just above this level. Volume was normal. FII’s buying significantly came down. They had bought only 62.2 crores. DII’s were net sellers for 93.62 crores.
NIFTY TOMORROW
As FII’s buying had came down, I feel nifty may trade in a tight range tomorrow. For tomorrow trade 5327 and 5355 levels would be the strong resistant for nifty and 5288 would be the strong support. Let’s watch what happens tomorrow.
NIFTY LEVELS
BUY ABOVE 5327 T1- 5355, T2- 5375. SL – 5301
SELL BELOW 5288 T1 – 5268, T3 – 5245. SL – 5301
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