WEDNESDAY TRADE HISTORY :
NIFTY SPOT : 5050.60 as High and 4980.10 as Low
NIFTY FUTURE : 5053.10 as High and 4953.10 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :
PIVOT 5010
RESISTANCE 1 5040 SUPPORT 1 4970
RESISTANCE 2 5080 SUPPORT 2 4939
RESISTANCE 3 5151 SUPPORT 3 4869
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NIFTY ON 10th JUNE 2010
Hai everybody,
The same closing point is made in nifty last wednesday. Yesterday, an unexpected bounce made in nifty and making small fear to bears. Still bull will have life. Today nifty closing below 5000, then nifty will give warning bell to all longers, Friday will be a BLOCK FRIDAY. What next in nifty today..!!??
And also memorised about last 10 days trade in nifty. Nifty cann't trade above 5200 level, and 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.
And this weekend will very important to nifty for deciding its trend up or down. So Be alert longers and shorters.
Flat or Gapdown opening will be expected.
Range bound trade will be expected.
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IMPORTANT LEVELS :
Today nifty break and trade above wednesday's high (5050.60), then zoom upto 5065 levels in min and try to reach 5085-5102 levels in next mins.
Today nifty break and trade below wednesday's low (4980.10) 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 5005, bounce upto 5035-5050.
Above 5065, then quick trade upto 5084-5102.
Above 5102, then zoom upto 5127-5157.
Below 4982, then bloodbath upto 4965-4950.
Below 4935, then slide upto 4920-4904.
Below 4904, then free fall upto 4882-4850.
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TODAY'S HINTS :
Today 5010 is very important point. If nifty will trade above these level for 15-20 min, then we will surely see 5050 and 5080 and we will recommended only long in nifty for intraday with stoploss of 4980.
May one possible nifty will try to break 4935 level today.
May one possible nifty will close today as -ve.
So keep ur eyes on 4935 and 5005 level today.
Tip : Our levels are mentioned only Nifty spot, not Future.
So trade carefully.
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TODAY BUY NIFTY FUTURE ABOVE 5010 FOR TARGET1
5030 TARGET2 5050 keep SL 4995
TODAY SELL NIFTY FUTURE BELOW 4980 FOR TARGET1
4960 TARGET2 4940 keep SL 4995
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SAFELY TRADING.
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