Friday, 11th June 2010

THURSDAY TRADE HISTORY :

NIFTY SPOT       : 5085.20 as High and 4997.60 as Low

NIFTY FUTURE : 5093.50 as High and 5005.00 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5053

RESISTANCE 1 5110                            SUPPORT 1 5022

RESISTANCE 2 5141                            SUPPORT 2 4966

RESISTANCE 3 5229                            SUPPORT 3 4878
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NIFTY ON 11th JUNE 2010

Hai everybody,

Yesterday, a good up move made in nifty and making small fear to bears. What next in nifty today..!!??

And also memorised about last 10 days trade in nifty. Nifty cann't trade above 5200 level, and below 4935 level also. We think, Its a 3rd time, Nifty will try to break 4935 level in this month. If its possible, then 4800 and 4600 will surely come. But no more new high in nifty this month.

Today will be very important to nifty for deciding its trend up or down. So Be alert longers and shorters.

Gapup opening will be expected.

One side trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above thursday's high (5085.20), then zoom upto 5102-5127 levels in min and try to reach 5150-5165 levels in next mins.

Today nifty break and trade below thursday's low (4997.60) then slide upto 4965 level in min and try to reach 4935-4902 levels in next mins.
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TODAY'S TRADING LEVELS :

Today trade above 5102, bounce upto 5127-5150.

Above 5150, then quick trade upto 5165-5187.

Above 5187, then zoom upto 5204-5224.

Below 5085 then bloodbath upto 5065-5050.

Below 5035, then slide upto 5020-5005.

Below 5005, then free fall upto 4984-4950
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TODAY'S HINTS :

Today 5141 and Last week high 5147.90 are very important points. If nifty will trade above these level for 15-20 min, then we will surely see 5180 and 5200 and we will recommended only long in nifty for intraday with stoploss of 5135.

Otherwise, Nifty not able to cross or trade above 5147.90 for 15-20 min, then Long covering will occur and nifty ready to slide.

Today sell on everyrise with hardly stoploss of above 5187 closing basics.

And Longers also keep stoploss of below 5135 closing basics.

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

So keep ur eyes on 5102 and 5150 level today.

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

So trade carefully.

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TODAY BUY NIFTY FUTURE ABOVE 5150 FOR TARGET1

5170 TARGET2 5190 keep SL 5135


TODAY SELL NIFTY FUTURE BELOW 5120 FOR TARGET1

5100 TARGET2 5080 keep SL 5135

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SAFELY TRADING.