Monday, 28th February First of all, spot nifty should open and sustain at least above 5300. Nifty will face the first tough resistance at 5330-5335 levels. if same can cross and sustain for some time, then the levels of 5350-5380-5400-5450 can be seen. above 5460 fresh buying will take place and the next nifty levels will be as such 5490-5500. otherwise, if spot nifty could not sustain 5300 in the opening bell then profit booking can bring spot nifty down up to 5250-5230. free fall will take place below 5230 and spot can come down up to 5150. there are two important levels of spot nifty on the upper side, that is 5365 & 5410 which is to be watched out for on monday 28th feb.
Above is the possible scenario of 28th february 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.
Nifty Intraday Levels for Monday 28 Feb 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5245 5186 5350 5397
