Monday, March 03, 2014

Nifty Trade strategy 3rd march

Hi friends,
                  Nifty crosses 6270 intraday on friday ,Which suggests the nifty is
gaining strength and would be weak only below 5250 intraday and positionally
weakness would be seen below 6160 .Lets look at the chart.
Nifty Trade strategy 3rd march
From the chart we can see
nifty is nearing trendline
resistance at 5300-5320
which can react and
nifty can fall back to retest
supports 6250 and 6160
below 6160 only can expect
some serious damage else
we should rise back from there.

For short term look for resistance at 6300.


Post a Comment