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Monday 2 April 2012

Nifty Intraday Outlook For Tomorrow 03-April

Nifty witnessed some strength and closed in green with slight gains. Buying interest may be continuing above 5,330 levels. On the other hand, if Nifty doesn`t maintain above 5,330 levels then some profit booking may also be seen. Traders may continue to take delivery based positions in good stocks with stoploss levels. For daily purpose, trend deciding level is at 5,300. If Nifty shows strength above 5,300 levels, then rally to 5,335/5,380/5,440 may be seen. If Nifty does not show strength above 5,300 levels then selling pressure till 5,260/5,200/5,170 may also be seen.

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