Indian shares recovered early dips and ended with meek losses ignoring the decline in the global markets. The global markets were trading down today on concern of global economy recovery. The NSE Nifty shrugged off 13.05 points or 0.24% to end at 5402.40 and BSE benchmark ended at 17971.12, reduced by 60.99 points or 0.34% , recouping some of its intra-day losses.
Nifty Intraday Trend Analysis for 01/09/2010
Nifty face Resistance at 5420. If nifty reach this level go short and keep stop loss at 5438.50. Target 5398,5392. Above 5438.50 go long and keep stop loss at 5420 target 5462, 5468.
Nifty take support at 5384. If nifty reach this level go long and keep stop loss at 5366.50. Target 5407, 5413. Below 5366.50 go short and keep stop loss at 5384.5 target 5342, 5337.
Happy Trading.
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