50% SL= 4454 50%SL @ 4440. Nifty is trying to cross the resistance level of 4477. Next target for long call will be 4532 and if fail's to break resistance level it fails may draw down upto 4440.
Thursday, August 20, 2009
Nifty may bounce back above 20DEMA
Nifty trading above 5EMA 4454 and near 8DMA 4481 Buy NF @ Market
50% SL= 4454 50%SL @ 4440. Nifty is trying to cross the resistance level of 4477. Next target for long call will be 4532 and if fail's to break resistance level it fails may draw down upto 4440.
50% SL= 4454 50%SL @ 4440. Nifty is trying to cross the resistance level of 4477. Next target for long call will be 4532 and if fail's to break resistance level it fails may draw down upto 4440.
