Friday, June 18, 2010

Nifty Analysis: 18-JUNE-2010


Nifty Analysis: 18-JUNE-2010

DATE

18-Jun-2010

LAST TRADE PRICE

5,257.95

DAY OPEN

5,274.95

DAY HIGH

5,302.30

DAY LOW

5,245.50

PREVIOUS DAY CLOSE

5,274.85

CHANGE

-16.90

% CHANGE

-0.32


It was volatile session, based on shot covering, profit booking and Reliance Group News.

Nifty to face tough resistance in the 5300-5320 Zone.

Strategy Next Week:

1. Buy JUNE Nifty around 5190 - 5220, for a target of 5300 - 5320. SL 5150.

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