Stock Market For Tomorrow 08-March 2011

It was a gap down opening in the Indian Markets today and it continued with the downtrend. Nifty showed volatile session and closed in red. Nifty is trading in the range of 5,400-5,550 levels and  until Nifty decisively cross above 5,550 levels or decline below 5,400 levels, volatility may be continuing. 

For intraday trading tomorrow, the trend deciding level is at 5,460. If Nifty shows strength above 5,460 level, then rally to 5,500/5,540/5,585 levels may be seen. On the downside if Nifty does not show strength above 5,460 levels then profit booking till 5,425/5,400/5,360 may also be seen.

One Response so far

  1. nice guidelines for intra-day... excellent..!

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