[sharetrading] Nifty Futures (for June 22, 2010)

 

Nifty future today continued the upward rally and made the short term resistance breakout in charts. In the end it made the strong closing above the breakouts. Now in nifty future we might expect the strong upside rally from here. the next key hurdle for the market is seems to be around 5400 level. Closing above this hurdle could take up the nifty future till the higher level of 5550 in near term. As we had already recommended in our previous reports that one should initiate the longs in nifty future above 5250. Now traders could book some profit here because market may face some resistance close to level of 5400. Those who like to initiate the new longs in nifty future could do above the resistance of 5400.

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Regards,

Prayadarshini

Intraday Stock Tips

http://www.intraday-stock-tips.co.cc/ 

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