Wednesday, February 2, 2011

Share Market Outlook and Trading Tips for Nifty Future

Market today faced the modest and closed in green territory after making strong opening in todays session. Nifty is still holding on to its major support of 5,400 and 5,348 and as it is showing oversold situation, we may see some rallies from here but the down trend of the share market is still inact if it closes above 5,565 levels.

Nifty Futures
Short Nifty Futures below 5419 for target of 5,392-5,350 and stop loss of above 5444.

Bank Nifty Futures
Short Bank Nifty Futures below 10380 for target of 10300-10200 and stop loss of above10440.