Tuesday, 30th November 2010

MONDAY TRADE HISTORY :

NIFTY SPOT       : 5843.15 as High and 5754.70 as Low

NIFTY FUTURE : 5864.20 as High and 5788.00 as Low

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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5809

RESISTANCE 1 5864                            SUPPORT 1 5775

RESISTANCE 2 5898                            SUPPORT 2 5721

RESISTANCE 3 5986                            SUPPORT 3 5632

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NIFTY ON 30th NOVEMBER 2010

Hai everybody,

An expected small bounce made in nifty yesterday. But nifty unable to close above 5850 level too. Today nifty will must close above 5800 only safe to bull. Closing below 5800 will be a route of range bound trade in nifty for whole this week. And nifty is in oversold zone also. Now what next in nifty..?

Anytime bounce in nifty will be made in this week.

We bought nifty @ 5750 on last friday, 26th November 2010. But Our stoploss is too long, 5500 and target also, 6500. So wait and see.

Gapdown opening will be expected.

High volatile trade trade will be expected.

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IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (5843.15), then zoom upto 5866 levels in min and try to reach 5886-5902 levels in next mins.

Today nifty break and trade below yesterday's low (5754.70) then slide upto 5746 level in min and try to reach 5724-5703 levels in next mins.

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TODAY'S TRADING LEVELS

Today nifty trade above 5848, then quick trade upto 5866-5886.

Above 5886, then zoom upto 5902-5924.

Above 5924, then fire upto 5948-5967.

Below 5828, then freefall upto 5808-5780.

Below 5780, then bloodpath upto 5762-5746.

Below 5746, then slide upto 5724-5703.

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TODAY'S HINTS :

Today nifty will be opening above 5800 level. If nifty break and trade below yesterday's low, 5754.70, @ opening or @ any session, heavy panic selling will be made upto 5700-5678 level.

Nifty closes above 5850 will give red light alert for bears, for closing their shorts.

May one possible nifty will close today +ve.

So keep ur eyes on 5775 and 5848 levels today.

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

So trade carefully.

SAFELY TRADING.