NIFTY on Friday, January 22, 2010

[khosla.jayant]

Nifty has broken its vital support base today. For tomorrow the nifty could be bearish & next support would be around 4995 to 5005.

[khosla.jayant]

Nifty has broken its vital support base today. For tomorrow the nifty could be bearish & next support would be around 4995 to 5005.

Nifty made strong upside recovery from the major support base of 4750 to 4800 level. Still technically nifty is looking in bear zone until it close above 5000 level. We recommend that in nifty future traders should go for short on higher levels. Nifty could lead towards 4500, if close below 4750 level.