Thursday, 12th November 2009

NIFTY ON 12TH NOVEMBER

Hai everybody,

Yesterday unexpected (one side) movement in nifty. Heading in 5005, Good resistance for nifty uptrend.

Now what will expect in Nifty? Nifty at overbought trend. Seem upto 5035-5050. Bear can still alive. Don't panic. Just watch the level 5035.

Once again we will see 4965 today. If close below 4965, tomorow will be BLOCK FRIDAY, down to 4880 once again.

Trade between today 4950-5050.

Close will be around 4965 is Good.

So trade carefully.

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TODAY SELL NIFTY AROUND 5035-5050 FOR TARGET1

5005 TARGET2 4985 keep SL 5065


TODAY BUY NIFTY AROUND 4965-4980 FOR TARGET1

5005 TARGET2 5030 keep SL 4950

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SAFELY TRADING.