Monday, 15th November 2010

FRIDAY TRADE HISTORY :

NIFTY SPOT       : 6202.50 as High and 6056.75 as Low

NIFTY FUTURE : 6241.00 as High and 6074.00 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6110

RESISTANCE 1 6164                            SUPPORT 1 6018

RESISTANCE 2 6256                            SUPPORT 2 5965

RESISTANCE 3 6402                            SUPPORT 3 5819
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NIFTY ON 15th NOVEMBER 2010

Hai everybody,

Wow, our great nifty!!! Finally nifty gave our expected friday special, as per our word, told at 10th. Our words were printed here. If u got doubt, check our older posts.

On last friday, we thought book partial profit @ 6080, future level. But still we got more confident in our great nifty for our min target 6050. So we revised our stoploss for our short position.

Now what next in nifty?? Today, our eyes are on 6122 level. If nifty sustain above these for 15-20 min, then we will decided to cover our short and take fresh long for again 6224 and 6288.

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

On 8th November, We had taken a position short @ 6330 (future level) as per our monday's word, for min target 6050-6000 (future level), and still hold it with revised stoploss of closing above 6122 (spot level).

Flat opening will be expected.

Rangebond trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (6202.50), then zoom upto 6224 levels in min and try to reach 6244-6266 levels in next mins.

Today nifty break and trade below last friday's low (6056.75) then slide upto 6035 level in min and try to reach 6020-6005 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 6090, then quick trade upto 6108-6122.

Above 6122, then zoom upto 6144-6165.

Above 6165, then fire upto 6188-6204.

Below 6067, then freefall upto 6048-6035.

Below 6035, then bloodpath upto 6020-6005.

Below 6005, then slide upto 5985-5965.
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TODAY'S HINTS :

If nifty closes below 6080 level today, then we will see 5950 level within two days.

If nifty closes between 6090-6120, then range bound trade will continue for next two days.

May one possible nifty will close today flat.

So keep ur eyes on 6122 and 6035 levels today.

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

So trade carefully.

SAFELY TRADING.