Nifty at major Support level 5365

Nifty at major support level 5365 now what next. Where nifty may move , a million dollar question?

We already written before also that nifty may move to 5300 first before 5500.

See our old posting on 12th July.

http://streetcalls.blogspot.com/2010/07/nifty-where-to-move-5300-or-5500.html


Nifty at lower side have major support level , if these support level hold then nifty may break new high but in rest case nifty may drag down.

Q1 result are opened , just a average number .IIP numbers also dragging.Inflation on top.This means all local concerns are still there.

One can play short in nifty by taking a stoploss of 5440.

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