Monday, 22nd February 2010

FRIDAY TRADE HISTORY :

NIFTY SPOT       : 4878.45 as High and 4805.55 as Low

NIFTY FUTURE : 4884.95 as High and 4797.35 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 4842

RESISTANCE 1 4880                            SUPPORT 1 4807

RESISTANCE 2 4915                            SUPPORT 2 4770

RESISTANCE 3 4953                            SUPPORT 3 4734
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NIFTY ON 22ND FEBRUARY 2010

Hai everybody,

Still nifty is in downtrend mode. This week is expiry week. So trade with care.

Flat opening will be expected.

Range bound trade will be expected.

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IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (4878.45), then zoom upto 4902 level in min and try to reach 4935-4950 levels in next mins.

Today nifty break and trade below last friday's low (4805.55), then slide upto 4780 level in min and try to reach 4750 level in next mins.
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TODAY'S TRADING LEVELS :

Today trade above 4850, then zoom upto 4882-4902.

Above 4902, then quick trade upto 4935-4950.

Above 4950, then bounce upto 4985-5005.

Below 4850, then bloodbath upto 4822-4800.

Below 4800, then slide upto 4780.

Below 4780, then panic selling upto 4750.
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TODAY'S HINTS :

Major 'U' turn level for bear is 4950.

Major 'U' turn level for bull is 4750.

Nifty is in neutral at 4850 now. Anyside movement will be possible today.

If nifty sustain above 4850 level for 10-15 min, then nifty will retest friday's high in session.

If nifty sustain below 4850 level for 10-15 min, then nifty will retest friday's low in session.

So keep ur eyes on 4850 level today.

Tip : Our levels are mentioned only Nifty spot, not Future.

So trade carefully.

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TODAY BUY NIFTY FUTURE ABOVE 4865 FOR TARGET1

4890 TARGET2 4915 keep SL 4850


TODAY SELL NIFTY FUTURE BELOW 4850 FOR TARGET1

4825 TARGET2 4800 keep SL 4865

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SAFELY TRADING.