Monday, 18th October 2010

FRIDAY TRADE HISTORY :

NIFTY SPOT       : 6200.60 as High and 6050.35 as Low

NIFTY FUTURE : 6224.75 as High and 6076.10 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6105

RESISTANCE 1 6159                            SUPPORT 1 6008

RESISTANCE 2 6255                            SUPPORT 2 5954

RESISTANCE 3 6405                            SUPPORT 3 5804
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NIFTY ON 18th OCTOBER 2010

Hai everybody,

Once again an expected full of panic (selling) profit booking made in nifty on last friday noon. Now what next in nifty??

From today nifty can travel forward towards 5224 level. Another top will be formed in this week.

Flat opening will be expected.

Range bound trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (6200.60), then zoom upto 6224 levels in min and try to reach 6248-6268 levels in next mins.

Today nifty break and trade below last friday's low (6050.35) then slide upto 6035 level in min and try to reach 6020-6003 levels in next mins.
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TODAY'S TRADING LEVELS :

Today trade above 6090, then quick trade upto 6122-6144.

Above 6144, then zoom upto 6162-6190.

Above 6190, then fire upto 6204-6224.

Below 6054 then bloodbath upto 6035-6020.

Below 6020 then slide upto 6004-5985.

Below 5985, then freefall upto 5965-5945.
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TODAY'S HINTS :

If nifty not possible to trade below 6050 for 10-15 min, then go long for minimum 6090 for intra and 6144 for btst with stoploss of 6035.

May be nifty will open around 6054-6070.

May one possible nifty will close today as +ve.

So keep ur eyes on 6054 and 6090 levels today.

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

So trade carefully.

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TODAY BUY NIFTY FUTURE ABOVE 6146 FOR TARGET1

6161 TARGET2 6176 keep SL 6131


TODAY SELL NIFTY FUTURE BELOW 6116 FOR TARGET1

6101 TARGET2 6086 keep SL 6131

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SAFELY TRADING.

For pre-market calls in nifty, banknifty and equities, log on http://www.subiuthra.blogspot.com/ and give ur comments about our pre-market calls.