Friday, 12th November 2010

THURSDAY TRADE HISTORY :

NIFTY SPOT       : 6296.55 as High and 6179.50 as Low

NIFTY FUTURE : 6321.00 as High and 6209.40 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6223

RESISTANCE 1 6267                            SUPPORT 1 6150

RESISTANCE 2 6340                            SUPPORT 2 6106

RESISTANCE 3 6458                            SUPPORT 3 5989
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NIFTY ON 12th NOVEMBER 2010

Hai everybody,

What a perfect in nifty...?? All expecting 6400-6500. We only had a pure short.

Our expectation would come early, one day before. So we will expect more today. Now what next in nifty?

Today nifty closing below 6224 will be must for positonal shorters, like US. If it possible, our target will come on coming tuesday or before.

Already we had mint above 300 points in long last week.

on monday, We had taken a position short @ 6330 (future level) as per our monday's word, for min target 6050-6000 (future level), and hold it till next week with hard stoploss of closing above 6350 (spot level).

Flat opening will be expected.

High volatile trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (6296.55), then zoom upto 6320 levels in min and try to reach 6338-6348 levels in next mins.

Today nifty break and trade below last friday's low (6179.50) then slide upto 6165 level in min and try to reach 6150-6135 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 6204, then quick trade upto 6224-6248.

Above 6248, then zoom upto 6266-6284.

Above 6284, then fire upto 6305-6320.

Below 6165, then freefall upto 6150-6135.

Below 6135, then bloodpath upto 6122-6105.
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TODAY'S HINTS :

Two consecutive close above 6320 only possible to 6450-6550.

Two consecutive close below 6250 will be possible for correction upto 5950.

May one possible nifty will close today as -ve.

So keep ur eyes on 6224 and 6150 levels today.

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

So trade carefully.

SAFELY TRADING.