Yesterday Nifty
closed
around 5890 mark. SGX nifty is trading -5. We expect market with flat bias. Nifty take support around 5870 to 5850 and find resistance at
5920, 5950. Overall nifty looks weak and may test 5800 level in
during fortnight. Target is 5500 during October expiry.
Today we might see small bounce from 5870 to 5850 level. This bounce is only for limited expiry time & roll over position carry forward time. One should avoid extreme long or short position in this kind of highly volatile trading days. For today 5850 is important level we might bounce from there and 5927-5940 resistance to cross.
NIFTY Advance Scientific chart 24'th Sep 2013NIFTY Advance Scientific chart 25'th Sep 2013
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