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Nifty Intraday Tips For 1st March 2011


Tomorrow, 1st March, first of all, Spot Nifty should open and sustain at least above 5340. Nifty hurdle is at 5370. Spot Nifty will face the first tough Resistance at 5415-5420 levels. If same can cross and sustain for some time, then the levels of 5440-5450 can be seen. above 5450, investor’s will regain the confidence and next spot nifty levels will be 5480-5500-5510. above 5510 fresh buying will take place and nifty spot next targets will be: 5550-5585-5605 . otherwise, if spot nifty could not sustain 5340 in the opening bell then profit booking can bring spot nifty down up to 5320. free fall will take place below 5320 and spot can come down as such: 5275-5235-5190.

Above is the possible scenario of 1st March Market.


What ever may be the case, both spot nifty as well as the market will ply in the wide gaps & you have to make profit within that. wait for the positive green signal.

Nifty Intraday Tips 1st March 2011

ACTION    STOP LOSS   TARGET-1  TARGET-2 
SELL ABOVE    5380          5265          5205 

Nifty Intraday Levels for 1 March 2011

SUPPORT 1  SUPPORT 2  RESISTANCE 1  RESISTANCE 2 
    5269            5205             5437               5541   

Nifty Future Levels for 1 March 2011

SUPPORT 1   SUPPORT 2   RESISTANCE 1  RESISTANCE 2
     5266            5193              5455             5571    



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Intraday Tips Updated at: 8:21 PM
 
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