Intraday Trading For 17 Feb
NIFTY ---
Nifty has no sign of weakness since Jan 2012
Overall trend is bullish and decline to buying opportunity
Now consider resistance 5530-5541
Decisively crossover, more upside...
Downside support 5470-5453, break below 5420
Whereas the buying opportunity.
BSE INDEX ---
Trend is very bullish and dip to buying opportunity
Today support 18100-17941 and resistance 18100
Thereafter more upside.
RELIANCE IND ---
Trend is down as remain below 855
But, at current level oversold counter in Bull Market
Consider support 801-806 - to buy.