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Nifty Outlook for 01-03-2011


Nifty witnessed wild sings as expected on the day of budget. Today we can expect a move higher in early session and gradually moving lower and lower. Nifty need to close above 5430 to continue its upside movement, till then bears will have control over the nifty. We are still holding short, will keep you updated in case a reversal in nifty is spoted.

SMS not going through. Levels for the day: INTRADAY SELL NIFTY(SPOT)@5370~5405~5440 WITH SL@5445 FOR TARGETS OF 5340~5300.

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