Thursday, June 14, 2012

Day Trading Strategy

Share Tips Free Trial says that Nifty could see gap up opening and it could test at 5051 and 5066 levels. If NIFTY trades above 5065 it could test at 5095 levels. On the downside, the support for the NIFTY is seen at 4980 and 4940 levels.
One is advised to note that, If NIFTY trades above 5065, the technical oscillators will be in heavily overbought zone. So trade cautiously as profit booking can be expected at higher levels. Investors will keep a close eye on Reliance Industries, ITC which are due to declare their quarterly results later.

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