Thursday, March 11, 2010

Fifty Plus.

 

Finally NIFTY Futures closed at the upper end of my Critical level (see yesterday’s posting). That is at 5158. The next move has to be decided only after that.

 

The critical intraday levels for tomorrow are as given bellow.

 

5172

5160

5145

5125

5106

5091

5078

 

A breach of 5097 can take NIFTY to 5030.

 

On the daily scale, both for Futures and Spot, NIFTY has the toughest resistance between 5170-5175.

 

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES