Intraday Technical Analysis with Nifty Chart and Trading Stretegy / Stock Tips for 15 Mar 2010 www.StockInspection.com
Posted by Indrodeep Banerjee on March 13, 2010
Total Views - 561
The previous market session closed on a flat note after a flat opening, after the opening markets turned volatile and lacked in decisive direction throughout the days session hovering into reds and greens before finally managing to close with the marginal gains at the end of the day.
It closed above the 5 DMA and 20 DMA levels and RSI around 86 indicating that the market is looking positive, volatile and adding sustained buying interest by steadily inching towards the 5200 levels.
Nifty finally closed at 5137
gaining 4 points or 0.07 %
Trading Strategy for 15 Mar, 2010
Intraday Support for the market shall be 5092 & 5051 .
While the market will experience resistance at 5182 & 5219.
Best Strategy shall be to:-
Buy above 5154 with Stop Loss of 5114
Sell below 5114 with Stop Loss of 5154
.
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