Tuesday, May 1, 2012

Today Nifty Trading Tips Go Long for a Target

We now go into F&O expiry week and we could see some volatility during the week and range bound confining itself perhaps to 5400 on the upside and 5200 on the downside and trading is expected to be a bit difficult during the week. From a Trading point I would it would be wiser to play the short side of the market with a stop of 5340 for targets closer to around 5200’. More information about nifty trading tips visit the site intradaysharetip.blogspot.com

The market unfolded volatile as expected and we saw the low on the Nifty trading at 5154...

Technically the market is still weak but has achieved the downside target. Technically we may see some sort support emerging but it needs to cross 5230 with force and if that happens then we could see levels possibly of 5314 but if the market continues to slide then the levels to watch would be 5118.

From a NIFTY trading point of view an aggressive trader can go long for a target of 5300 but with a stop below 5171.