Thursday, 18th November 2010

TUESDAY TRADE HISTORY :

NIFTY SPOT       : 6144.05 as High and 5970.60 as Low

NIFTY FUTURE : 6134.00 as High and 5975.25 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6034

RESISTANCE 1 6098                            SUPPORT 1 5925

RESISTANCE 2 6208                            SUPPORT 2 5861

RESISTANCE 3 6381                            SUPPORT 3 5688
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NIFTY ON 18th NOVEMBER 2010

Hai everybody,

Finally, we saw nifty in very near to 5950. Now what next in nifty??

Today, our eyes are on 6035 level. If nifty sustain above these level for 15-20 min or close above 6035, then uptrend will continue till min 6224.

Already we had mint above 650 points in this month.

On 16th, We covered our short @ 6000 (future level), which one taken @ 6330 (future level) and again taken positional long @ 6000 (future level) for min 6200-6250 with strictly stoploss of closing below 5935 (spot level)

Gapup opening will be expected.

Rangebond trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above last day's high (6144.05), then zoom upto 6166 levels in min and try to reach 6188-6204 levels in next mins. (This is not possible today.)

Today nifty break and trade below last day's low (5970.60) then slide upto 5950 level in min and try to reach 5935-5920 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 6005, then quick trade upto 6020-6035.

Above 6035, then zoom upto 6050-6065.

Above 6065, then fire upto 6086-6105.

Below 5965, then freefall upto 5950-5935.

Below 5935, then bloodpath upto 5920-5902.

Below 5902, then slide upto 5886-5864.
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TODAY'S HINTS :

If nifty closes below 5950 level today, then we will see 5902 level .

If nifty closes abvoe 6035 or 6050, then next hurdle to nifty for upmove is 6122.

May one possible nifty will close today  +ve.

So keep ur eyes on 6035 and 5950 levels today.

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

So trade carefully.

SAFELY TRADING.