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Intraday Stocks and Commodity Tips Registration

Nifty Trend

Nifty made the upside rally today back by the positive vibrations of the
union budget 2010. It has faced the resistance around the level of 5005 at
the 100 day moving average. Nifty made the breakout of the short term
consolidation in charts but didn't sustain the upside rally and made
closing near to the crucial level of 4940. We could expect that it is
looking difficult for nifty to close above the level of 5050 in near term.
We recommend that traders should go for sell on nifty close to the level of
5000 and should book the profit close to the level of 4930 to 4940 for
intra day.

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