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Friday, March 5, 2010

05/03/2010

Nifty formed 'CUP' pattern in yesterday intraday chart. If Nifty break the above cup high, it can touch 5103, 5121. One downside it should break 5055 to 5050 levels. Nifty will face Resistance at 5103, 5110, 5117, 5121, 5130, 5141 and Supports at 5039, 5000, 4993, 4966, 4936.
RECOMMENDATION
PATELENG Buy abv. 450, tgt 470, 482, S/L 427. For Intraday tgt 455, 462, S/L 444.

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