Nifty has been trading in very close range of 5220 to 5350. As per what it looks on charts now, this close range should be coming to an end as we proceed towards expiry. Keep a close eye on the 5400 band and on the downside, keep a close watch on 5180-5220 band. Any break below this band will open the gates for shorts towards 5050, the massive support level. Any break on the upside will open up a new channel. For now, be stock specific and watch around the levels closely.
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Stox and More Team
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Market Buzz
ADAG group stocks tank again leading the index facing another savage fall from the resistance level of 5550-5600.
Thursday, July 8, 2010
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