Nifty Is Facing Resistance Above 5260 Levels And If Ables To Cross Above 5280 And 5310 Levels Then Only We Can Think Of Further High Still Nifty Is In Uptrend So On Can Buy On Dip With Stoploss Of 5160 Closing If Nifty Closes Below 5160 Levels For Two Consecutive Days One Can Carry Shorts Home Also Nifty Is Trading Below The Weekly Close Of 5263 Which Show Weakness And Can Drift Nifty Downside If The Globle Cues Remain Weak On 24/03/2010 Also 25/03/2010 Being Expiry Day Avoid Trading For Intraday As The Volatility Can Squeeze Any Investor Also Nifty Is Trading In Rangebound Of 30 Pts Daily Which Is Very Narrow Range.
LONG ABOVE 5215
Likely Trading Range 5195 – 5255
Imp Supp 5210
Imp Rest 5240
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