Monday, 22nd November 2010

FRIDAY TRADE HISTORY :

NIFTY SPOT       : 6013.25 as High and 5863.95 as Low

NIFTY FUTURE : 6013.00 as High and 5860.05 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5923

RESISTANCE 1 5981                            SUPPORT 1 5832

RESISTANCE 2 6072                            SUPPORT 2 5773

RESISTANCE 3 6221                            SUPPORT 3 5624
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NIFTY ON 22nd NOVEMBER 2010

Hai everybody,

An unexpected fall in nifty on last friday again, this time by rumour news and closing below 5900 level. This not fair to positional longers. Now what next in nifty..?


Any time bounce will be expected in nifty this week.

Our positional nifty profit for this month was 600 points by three trade, two trade gave 650 points and last trade lose 50 points.

On 16th, we had taken positional long @ 6000 (future level) for min 6200-6250 with revised stoploss of closing below 5950 (spot level)


Unfortunately we had covered our long @ 5950, by romour news with 50 points loss.

No more positional trade this week.

Gapup opening will be expected.

One side trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (6013.25), then zoom upto 6035 levels in min and try to reach 6050-6065 levels in next mins.

Today nifty break and trade below last friday's low (5860.95) then slide upto 5846 level in min and try to reach 5832-5808 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 5902, then quick trade upto 5920-5935.

Above 5935, then zoom upto 5950-5965.

Above 5965, then fire upto 5985-6005.

Below 5888, then freefall upto 5864-5848.

Below 5848, then bloodpath upto 5832-5808.

Below 5808, then slide upto 5782-5762.
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TODAY'S HINTS :

If nifty breaks 5848 level today, then we will see 5808 level again. May one possible to see 5750 also.

If nifty closes above 5950, expiry will be above 6080.

May one possible nifty will close today  +ve.

So keep ur eyes on 5864 and 5952 levels today.

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

So trade carefully.

SAFELY TRADING.


Visit our http://www.bankniftypulse.blogspot.com/ for Bank nifty updates.

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