Wednesday, 4th August 2010

TUESDAY TRADE HISTORY :

NIFTY SPOT       : 5459.20 as High and 5426.40 as Low

NIFTY FUTURE : 5447.90 as High and 5411.10 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5441

RESISTANCE 1 5457                             SUPPORT 1 5424

RESISTANCE 2 5474                             SUPPORT 2 5408

RESISTANCE 3 5507                             SUPPORT 3 5375
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NIFTY ON 4th AUGUST 2010

Hai everybody,

Still nifty not able to close above 5450 level. If it will be possible today, then longers will safe till 5550. Is it possible today...!!??

Gapdown opening will be expected.

Rangebound trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (5459.20), then zoom upto 5480-5505 levels in min and try to reach 5535-5550 levels in next mins.

Today nifty break and trade below yesterday's low (5426.40) 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 5450, bounce upto 5480.

Above 5480, then quick trade upto 5505-5527.

Above 5527, then zoom upto 5550.

Below 5450 then bloodbath upto 5428-5404.

Below 5404, then slide upto 5385.

Below 5385, then free fall upto 5350.
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TODAY'S HINTS :

For intraday players,

Go short upto 5450 with stoploss 5460 for target 5400/5385.

May one possible nifty will close today as -ve.

So keep ur eyes on 5450 and 5404 level today.

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

So trade carefully.

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TODAY BUY NIFTY FUTURE ABOVE 5460 FOR TARGET1

5480 TARGET2 5500 keep SL 5445


TODAY SELL NIFTY FUTURE BELOW 5430 FOR TARGET1

5410 TARGET2 5390 keep SL 5445

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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.