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Monday, December 20, 2010

What Buy or Sell today

20th December
Today Nifty will have the following Resistance & Support Levels

Nifty Base 5927

Resistance1 5984
Resistance2 6021


Support 1 5884
Support 2 5818

If today nifty is seen trading (opening) above the Nifty Base 5927, then you can buy the nifty for the target of R1 keeping Stop-loss of Nifty Base. Also if Nifty cross R1 then go for the target of R2 with SL of R1.

Similarly if Nifty is trading below the NB 5927, then you should Sell nifty for target S1 with NB as SL and if crosses S1, then Nifty will get S2 target keeping S1 as SL.