NIFTY TIPS TARGET AND TREND FOR MONDAY 7 March 2011

swati (Stock Analysis) (1702 Points)

04 March 2011  

Courtesy :- FREE INTRADAY TIPS

 

Today Nifty has closed at 5539 with a minor gain of 2 points comparative to its previous day closed. My view that a minor dip up to the area of 5470 or 5450 may come which will provide an opportunity for short term traders to go long with a stop loss of 5350 and target of 5600 on the higher side. Regarding intraday trading strategy on the downward side support for Nifty is placed at 5470 and below that at 5400 while resistance is placed at 5600 and above that at 5630 will prove to be major hurdle for the bulls. From sector specific point view we are bullish on BSE-Capital Goods and BSE- Metals while BSE-FMCG and BSE-Consumer Durable is going to under perform the broader indices in short term. Nifty Intraday Tips

 

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