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Disclaimer: This Blog, its owner, creator & contributor is not a research analyst and expressing opinion only as an Investor in Indian equities .He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog.Information or stock recommendations contained in this blog are for educational purposes only. Investors are advised to consult financial consultant before acting on any such information. Before acting on any old recommendations, please ensure its relevance in current circumstances.

Friday, June 22, 2012

What ahead for Nifty????

Well in my last discussion I gave the resistance level till 5168 as 5170 is the most crucial resistance level for Nifty and in the recent time on 2 occasion it went near to it and corrected once so far, might correct again.
For Nifty 5170-5220 is the most important resistance zone and as long it doesn't close above 5220 we may not see further upside. Once it closes above 5220 then 5170 will become its immediate strong support zone and we can play on the upside keeping 5170 as the last good support in mind. Though above 4940/4960 we gave the upper target for Nifty till 5168 exclusively to our registered clients.


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