NIFTY FUTURE 30 MIN / NIFTY FUTURE EOD
NIFTY FUTURE:
In today's trading Nifty Future opened strong and steadily went up throughout the day. As expected, Reliance participated today and made it easier for Nifty Future to maintain steady up move. Nifty Future made a high of 5089 and closed at 5081.
For tomorrow Nifty Future may be bought/trailed with a stop loss of 5040. Ont higher side it will have strong resistance at 5175. This level also coincides with completion of 1 year on 5.3.2010 if we take the current 52 week low of 2525 as starting point of this one way rally. For this reason, I would consider 5th March as a day of significant importance. It will be better to book some profit on the way up tomorrow and day after as we will be up about 5 -6 % non stop.
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