Tuesday, 16th November 2010

MONDAY TRADE HISTORY :

NIFTY SPOT       : 6128.75 as High and 6039.40 as Low

NIFTY FUTURE : 6148.85 as High and 6060.25 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6097

RESISTANCE 1 6154                            SUPPORT 1 6064

RESISTANCE 2 6186                            SUPPORT 2 6007

RESISTANCE 3 6275                            SUPPORT 3 5918
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NIFTY ON 16th NOVEMBER 2010

Hai everybody,

Once again the gambling start in nifty. See yesterday closing, just below 6122, and also our revised stoploss for our short position escaped on edge. Now what next in nifty..??

Today also once again 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).

Gapdown opening will be expected.

High volatile trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (6128.75), then zoom upto 6144 levels in min and try to reach 6166-6188 levels in next mins.

Today nifty break and trade below yesterday's low (6039.40) then slide upto 6020 level in min and try to reach 6005-5985 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 6122, then zoom upto 6144-6165.

Above 6165, then fire upto 6188-6204.

Below 6122, then freefall upto 6108-6090.

Below 6090, then slide upto 6067-6035.

Below 6035, then bloodpath upto 6005-5985.
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TODAY'S HINTS :

Once again nifty will try to close below 6090 level today as per friday's close.

Two more consecutive close above 6150 only possible for 6224 and 6288.

Two more consecutive close below 6050 will possible for 5950.

May one possible nifty will close today -ve.

So keep ur eyes on 6122 and 6090 levels today.

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

So trade carefully.

SAFELY TRADING.

LAST UPDATE ON 12:10 pm

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