Tuesday, 15 November 2011

Nifty Technicals November 15th


Nifty Spot 

Buy  above: 5148.06   Targets: 5163.43 - 5181.4 - 5199.41 - 5217.45 Stoploss : 5130.14
Sell  below: 5130.14   Targets: 5114.8 - 5096.93 - 5079.1 - 5061.29 Stoploss : 5148.06

The market may open gap down - A strong support stands @ 5050 - Buy at this level for a target of 5300-50. A strict stop loss should be maintained @ 5020 . The bears did manage to close Nifty below 5150 yesterday and that should be kept in mind while trading today.  

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