As we know the nature of stock market which is highly volatile so traders must ready to see ups & downs although Nifty is moving towards the targets of 5700-5800 . For today Nifty will find support at 5490 & then 5440 ,resistance at 5590 & 5650.
Yesterday the BSE Sensex was at 18,439.65 higher by 216.98 points or by 1.19% and then NSE Nifty was at 5520.80 up by 57.65 points or by 1.06%. Today market is expected to open flat to positive.
Intraday Tips for Today 9th March'11:-
RELIANCE INDUSTRIES
Sell Above- 990
Strict Stop loss- 995
Target – 975 – 963
Resistance- 995
Support - 963.
Long position - 995 else below 978
BHEL (Bharat Heavy Electricals Ltd.)
Sell Above – 2040
Strict Stop loss – 2052
Target -2015 – 1990
Resistance- 2155
Support- 1990
Nifty Intraday Tips for Today 9th March'11:-
Action Sell Above
Price 5540
Stop Loss 5560
1st Target 5475
2nd target 5400
Nifty Future levels for Today 9th March'11:-
1st Support 5400
2nd Support 5335
1st Resistance 5622
2nd Resistance 5675
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