Wednesday, 20th October 2010

TUESDAY TRADE HISTORY :

NIFTY SPOT       : 6127.05 as High and 6008.15 as Low

NIFTY FUTURE : 6166.60 as High and 6024.00 as Low
--------------------------------------------------------------------------------

NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6054

RESISTANCE 1 6100                            SUPPORT 1 5981

RESISTANCE 2 6173                            SUPPORT 2 5935

RESISTANCE 3 6292                            SUPPORT 3 5816
--------------------------------------------------------------------------------

NIFTY ON 20th OCTOBER 2010

Hai everybody,

Again and again, nifty played with longers and shorters for past 4 days. See how to travel upward and downward. We thought nowadays nifty too much enjoyed by trade. Well. Now what next in nifty?

We told yesterday, one more closed wants above 6090 for confirm upmove. But it was not done yesterday. Now we keep watch today closing, if closing below 6000, then some panic will be happend in longers. So trade carefully.

Gapdown opening will be expected.

High volatile trade will be expected.
--------------------------------------------------------------------------------

IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (6127.05), then zoom upto 6144 levels in min and try to reach 6162-6190 levels in next mins.

Today nifty break and trade below last friday's low (6008.15) then slide upto 5985 level in min and try to reach 5965-5950 levels in next mins.
--------------------------------------------------------------------------------

TODAY'S TRADING LEVELS :

Today trade above 6054, then quick trade upto 6065-6090.

Above 6090, then zoom upto 6122-6144.

Above 6144, then fire upto 6162-6190.

Below 6020 then slide upto 6004-5985.

Below 5985, then freefall upto 5965-5945.

Below 5945, then bloodpath upto 5920-5902.
--------------------------------------------------------------------------------

TODAY'S HINTS :

 If nifty not possible to trade below 5985 for 10-15 min, then go long for minimum 6035 for intra and 6080 for btst with stoploss of 5965.

May be nifty will open around 5980-6100.

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

So keep ur eyes on 5985 and 6035 levels today.

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

So trade carefully.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --

TODAY BUY NIFTY FUTURE ABOVE 6005 FOR TARGET1

6020TARGET2 6035 keep SL 5990


TODAY SELL NIFTY FUTURE BELOW 5975 FOR TARGET1

5960 TARGET2 5945 keep SL 5990

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --

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.