Sunday, 8 January 2012

09 January, 2012

The selling pressure would be seen on the higher levels in Nifty.
However, the support is placed at 4722 (Nifty spot level). 



Though on Friday buying was seen in NIfty Future, one can sell Nifty at spot level of 4795 - 4802 with stoploss of 4812 spot level.
NIfty spot crossing 4812 may show 4872 - 79 levels.




EURUSD
Support would be seen at 1.18 level.


McDowell-n Future currently trading at 517.95. Major support for the stock is at 505.


The weekly chart suggest a sudden bounce upto 600.
However, for the future 505 has to be kept as a strict stoploss.


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