Tuesday, 2nd March 2010

FRIDAY TRADE HISTORY :

NIFTY SPOT       : 4992.00 as High and 4858.45 as Low

NIFTY FUTURE : 5002.40 as High and 4865.20 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                         PIVOT 4924

RESISTANCE 1 4990                            SUPPORT 1 4856

RESISTANCE 2 5057                            SUPPORT 2 4790

RESISTANCE 3 5123                            SUPPORT 3 4722
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NIFTY ON 2ND MARCH 2010

Hai everybody,

What a unexpected budget rally in nifty on last friday. Still nifty is in downtrend mode. Uptrend may possible to continue only closing above 4965 level.

Today an interesting climax will wait for us. The good fight between BULL and BEAR will made today. Who will win..!!?? Let us wait and watch.

Gap up opening will be expected.

High volatile trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above friday's high (4992.00), then zoom upto 5005 level in min and try to reach 5035-5050 levels in next mins.

Today nifty break and trade below friday's low (4858.45), then slide upto 4822 level in min and try to reach 4800 level in next mins. Is it possible today..!!?? Let us wait and watch.
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TODAY'S TRADING LEVELS :

Today trade above 4935, then zoom upto 4950-4965.

Above 4965, then bounce upto 4985-5005.

Above 5005, then quick trade upto 5035-5050.

Below 4935, then free fall upto 4902-4882.

Below 4882, then slide upto 4850.

Below 4850, then bloodbath upto 4822-4800.
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TODAY'S HINTS :

Major 'U' turn level for bear is 4950.

Major 'U' turn level for bull is 4750.

Stoploss for positional traders, take the level as closing basics.

For short, above 4950. (Revised)

For long, below 4780.

If nifty sustain above 4950 level for 10-15 min, then fresh buying will start upto 4985-5005 level in same session.

May one possible nifty will close today as flat or -ve.

Closing above 4965 level only save bull in coming days.

So keep ur eyes on 4950 and 5005 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 4965 FOR TARGET1

4985 TARGET2 5005 keep SL 4950


TODAY SELL NIFTY FUTURE BELOW 4950 FOR TARGET1

4925 TARGET2 4900 keep SL 4965

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SAFELY TRADING.