Nifty Outlook & Analysis:
Today, Nifty may face resistance near 5135, 5150, 5165, 5185, 5205, 5235 and may take support near 5095, 5080, 5065, 5040, 5020. Today on higher side, the crucial resistance levels are at 5135-5150 and at 5185. If Nifty faces resistance at these levels and starts falling from these levels, it may surrender its gains and fall to lower levels. On lower side, if Nifty takes support near 5080 on intra day decline, again it may bounce back and move in upward direction. If Nifty fails to take support near 5080, the next support is at 5065-5040.
INTRADAT STOCK
RELIANCE :
At higher levels, you can sell this stock if it faces resistance to move above and stay above 1085, 1090 for down side targets of 1070, 1060 by maintaining stop loss at 1095. At lower levels, you can also buy this stock near 1055, 1050 on evidence of support and bounce back for targets of 1070, 1090 by maintaining stop loss t 1045.
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Posted by
Dharmik Patwa
Monday, December 14, 2009
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