Thursday, 10 May 2012

Nifty future intraday levels for 11/05/2012

No trade between 4950 and 4984.

Buy above 4986 with SL of 4966.
Sell below 4950 with SL of 4970.

Yesterday Nifty future made a low of 4955 and today 4945 and closed @ 4966.As of now it looks like Nifty has bottomed out and reversal is in place.These 2 levels will provide good support for Nifty future.Positional traders can buy and hold with SL of 4945 for targets 5107-5206-5286-5367.
       These levels are valid till Nifty spot not close below 4950.