Tuesday, 2nd November 2010

MONDAY TRADE HISTORY :

NIFTY SPOT       : 6132.40 as High and 6084.75 as Low

NIFTY FUTURE : 6090.60 as High and 6171.85 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6112

RESISTANCE 1 6139                            SUPPORT 1 6091

RESISTANCE 2 6159                            SUPPORT 2 6064

RESISTANCE 3 6207                            SUPPORT 3 6016
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NIFTY ON 2nd NOVEMBER 2010

Hai everybody,

An expecting bounce made in nifty yesterday. Now what next in nifty?

Today closing above 6122 is must. If its not possible, then range bound trade will continue till DIWALI.

Now we took long @ lower level on friday and wait till DIWALI for our targets with our strictly stoploss, as per our word on last friday. Our strictly stoploss is revised to closing below 6050.

Flat opening will be expected.

Range bound trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above last yesterday's high (6132.40), then zoom upto 6144 levels in min and try to reach 6166-6187 levels in next mins.

Today nifty break and trade below last yesterday's low (6084.75) then slide upto 6067 level in min and try to reach 6048-6035 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 6122, then quick trade upto 6144-6166.

Above 6166, then zoom upto 6187-6205.

Above 6205, then fire upto 6224.

Below 6090, then freefall upto 6065-6035.

Below 6035, then bloodpath upto 6020-6004.
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TODAY'S HINTS :

May one possible nifty will close today as +ve.

So keep ur eyes on 6090 and 6144 levels today.

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

So trade carefully.

SAFELY TRADING.