Wednesday, 24th February 2010

TUESDAY TRADE HISTORY :

NIFTY SPOT       : 4884.10 as High and 4833.15 as Low

NIFTY FUTURE : 4889.00 as High and 4830.00 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                         PIVOT 4862

RESISTANCE 1 4892                            SUPPORT 1 4841

RESISTANCE 2 4913                            SUPPORT 2 4811

RESISTANCE 3 4943                            SUPPORT 3 4790
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NIFTY ON 24TH FEBRUARY 2010

Hai everybody,

Today Railway Budget. Still nifty is in downtrend mode. Uptrend may possible to continue only above 4965 level. Expiry also very near to us. May one chance to close below 4800 on expiry.

Gap down 30-- will be expected.

High volatile trade will be expected due to Railway Budget.

If nifty open in morning around 4800 level or below, some recovery will appear in nifty upto 4850 level in morning session and then nifty will decide its trend, when railway budget submit in parliament by our railway minister, depends upon expectations.
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IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (4884.10), then zoom upto 4902 level in min and try to reach 4935-4950 levels in next mins.

Today nifty break and trade below yesterday's low (4833.15), then slide upto 4800-4780 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.

Below 4750, then no more bull till 4700.
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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 between 4800-4850 now. Anyside movement will be possible today.

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

If nifty sustain below 4800 level for 10-15 min, then panic selling will start upto 4750 level in session.

May one possible to close nifty in -ve.

So keep ur eyes on 4800 and 4850 levels today.

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

So trade carefully.

For live nifty levels updates and free live calls, Log on http://www.subiuthra.blogspot.com/ and stay there during market session.
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TODAY BUY NIFTY FUTURE ABOVE 4865 FOR TARGET1

4890 TARGET2 4915 keep SL 4850


TODAY SELL NIFTY FUTURE BELOW 4835 FOR TARGET1

4810 TARGET2 4785 keep SL 4850

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SAFELY TRADING.