WEDNESDAY TRADE HISTORY :
NIFTY SPOT : 5481.90 as High and 5428.40 as Low
NIFTY FUTURE : 5471.80 as High and 5422.25 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :
PIVOT 5459
RESISTANCE 1 5490 SUPPORT 1 5436
RESISTANCE 2 5512 SUPPORT 2 5405
RESISTANCE 3 5566 SUPPORT 3 5352
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NIFTY ON 5th AUGUST 2010
Hai everybody,
Yesterday, An unexpected bounce made in nifty afternoon. And Nifty made new 30 months high also.But its a just passing cloud. And hereafter, we couldn't expect one more new 30 months high.
Somebody says, nifty will touch 5600 before july 21st. We say to that friends as, We are not intelligent in market and we won't come to say others as FOOL, like that friends. But Our mind says only,
"MARKET (NIFTY) IS SUPREME."
Fresh short will make at these levels. May be long covering and fresh short initiating will be occur today and tomorow.
Our strictly stoploss for fresh short at these level is, above 5550 closing basics. But our target 5000 and below, not this series, only in September. So wait and see.
And yesterday was the 1st closing above 5450 and if today also closing above these level, then max target for longers is 5550.
Gapup opening will be expected.
High volatile trade will be expected.
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IMPORTANT LEVELS :
Today nifty break and trade above yesterday's high (5481.90), then zoom upto 5505 levels in min and try to reach 5535-5550 levels in next mins.
Today nifty break and trade below yesterday's low (5428.40) then slide upto 5404 level in min and try to reach 5385-5360 levels in next mins.
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TODAY'S TRADING LEVELS :
Today trade above 5480, then quick trade upto 5505-5527.
Above 5527, then zoom upto 5550.
Below 5480 then bloodbath upto 5450.
Below 5450 then slide upto 5428-5404.
Below 5404, then freefall upto 5385.
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TODAY'S HINTS :
For intraday players,
Go short upto 5480 with stoploss 5490 for target 5450/5435.
If nifty break and trade above 5490, Go long with stoploss of 5475 for target 5510/5525.
May one possible nifty will close today as -ve.
So keep ur eyes on 5450 and 5505 level today.
Tip : Our levels are mentioned only Nifty spot, not Future.
So trade carefully.
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TODAY BUY NIFTY FUTURE ABOVE 5490 FOR TARGET1
5510 TARGET2 5530 keep SL 5475
TODAY SELL NIFTY FUTURE BELOW 5460 FOR TARGET1
5440 TARGET2 5430 keep SL 5475
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SAFELY TRADING.
For FREE LIVE TRIAL CALLS IN NIFTY AND EQUITY, visit http://www.subiuthra.blogspot.com/ and stay there during market hours.
