Tuesday, 9th November 2010

MONDAY TRADE HISTORY :

NIFTY SPOT       : 6335.90 as High and 6265.35 as Low

NIFTY FUTURE : 6340.00 as High and 6282.20 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6292

RESISTANCE 1 6318                            SUPPORT 1 6247

RESISTANCE 2 6362                            SUPPORT 2 6221

RESISTANCE 3 6433                            SUPPORT 3 6150
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NIFTY ON 9th NOVEMBER 2010

Hai everybody,

Nifty can't trade above 6338 once again yesterday. And also can't close above 6284 level. Now what next in nifty?

Already we had mint above 300 points in long last week.

Yesterday, We had taken a position short @ 6330 (future level) as per our yesterday's word, for min target 6050-6000 (future level), and hold it till next week with hard stoploss of closing above 6350 (spot level).

Gapdown opening will be expected.

Range bound trade will be expected.
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IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (6335.90), 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 (6265.35) then slide upto 6247 level in min and try to reach 6224-6204 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 6284, then quick trade upto 6305-6320.

Above 6320, then zoom upto 6348-6363.

Above 6363, then fire upto 6383-6404.

Below 6267, then freefall upto 6248-6224.

Below 6224, then bloodpath upto 6204-6185.
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TODAY'S HINTS :

Two consecutive close above 6320 only possible to 6450-6550.

Two consecutive close below 6250 will be possible for correction upto 5950.

May one possible nifty will close today -ve or flat.

So keep ur eyes on 6224 and 6320 levels today.

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

So trade carefully.

SAFELY TRADING.