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02 January, 2011

Nifty swings for January 2011

Nifty is expected to swing between 6300-6000-5900.
No major buildup of open interest till now. So if first nifty comes down the build up makes the market to new highs. Else short at 6250-6300 zone for 250 to 300 points profits.
Tata motors 1300-1200 but 1350 will be a danger zone.
Tata steel 700-640 but possibility to go up to 740.

Day trend  is bullish at least for three to 4 days but the nifty future support is 6080. So let us expect nifty future to move between 6080-6280 for this week. If nifty future breaks 6080 target 6000-5980.

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