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Thursday, April 22, 2010

NIFTY DAILY VIEW

Trading Range Nifty
5230-5270
Break out /Break down will
added 40 -50 points in either side


The support would be at 5225-5207and the resistance would be at 5260 for today.



Yesterday the nifty cash showed positive sign, the nifty cash closed positively yesterday, future index now looking good, the correction in nifty index were discounted by the RBI policy in last days. Now the closing of April is near so the advice for the small trader is do not enter in option market for the April month, one can trade in May contract.

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