Friday, March 16, 2012
Intraday Trading Strategy | Nifty Outlook For Monday
Intraday Stock Market Outlook:- As expections Due to union budget intraday stock market had the fully trading session today and both stock market forced to close at red zone and sensex loss 210 points and closed at 17466.In this week stock market can perform good but it did not perfrom due to not reacting events and sensex gained only 0.08% on weekly basis.
NIFTY STRATEGY:- Nifty had the Red zone closing today at 5318, down 63 points.On the weekly basis nifty gained 0.05% only in this week.
Nifty support and Resistance level:-Nifty has resistance level at 5434 to the 5586 and support at 5282 to the 5130 and have pivot level at 5382.
Bank Nifty Level:-Bank Nifty resistance at 10741-11255 support at 10227-9713 and pivot level at 10563.
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