FRIDAY TRADE HISTORY :
NIFTY SPOT : 6338.50 as High and 6303.00 as Low
NIFTY FUTURE : 6349.00 as High and 6316.60 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :
(Pivot calculated as per Thursday's trade base)
PIVOT 6257
RESISTANCE 1 6315 SUPPORT 1 6224
RESISTANCE 2 6348 SUPPORT 2 6175
RESISTANCE 3 6439 SUPPORT 3 6066
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NIFTY ON 8th NOVEMBER 2010
Hai everybody,
Finally nifty hit 6338 on muhart trade on last friday. Now what next in nifty?
Now we will wait for 6363 today.
On friday, we covered our long @ 6340 level, taken @ 5980.
Now today we will decide to short nifty @ higher level, may be 6300 to 6350, for min target of 6050 and max target of 5850 with strictly stoploss of closing above 6350.
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 (6338.50), then zoom upto 6348 levels in min and try to reach 6363-6383 levels in next mins.
Today nifty break and trade below last friday's low (6303.00) then slide upto 6292 level in min and try to reach 6267-6247 levels in next mins.
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TODAY'S TRADING LEVELS :
Today nifty trade above 6320, then quick trade upto 6333-6348.
Above 6348, then zoom upto 6363-6383.
Above 6383, then fire upto 6404.
Below 6292, then freefall upto 6267-6248.
Below 6248, then bloodpath upto 6224-6004.
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TODAY'S HINTS :
May one possible nifty will close today -ve.
So keep ur eyes on 6284 and 6338 levels today.
Tip : Our levels are mentioned only Nifty spot, not Future.
So trade carefully.
SAFELY TRADING.
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