Wednesday, 10th November 2010

TUESDAY TRADE HISTORY :

NIFTY SPOT       : 6310.90 as High and 6243.55 as Low

NIFTY FUTURE : 6347.00 as High and 6261.55 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 6285

RESISTANCE 1 6327                            SUPPORT 1 6260

RESISTANCE 2 6353                            SUPPORT 2 6218

RESISTANCE 3 6420                            SUPPORT 3 6151
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NIFTY ON 10th NOVEMBER 2010

Hai everybody,

The game start in nifty, by confusing longer and shorter. Today it will conform, if closed as -ve. May be it will continues till thursday. We will wait for coming Friday. Now what next in nifty?

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

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

Flat 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 (6310.90), then zoom upto 6320 levels in min and try to reach 6333-6348 levels in next mins.

Today nifty break and trade below last friday's low (6243.55) then slide upto 6224 level in min and try to reach 6204-6185 levels in next mins.
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TODAY'S TRADING LEVELS :

Today nifty trade above 6320, then quick trade upto 6333-6348.

Above 6348, then zoom upto 6363-6383.

Above 6383, then fire upto 6404.

Below 6292, then freefall upto 6267-6248.

Below 6248, then bloodpath upto 6224-6204.
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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 flat or -ve.

So keep ur eyes on 6284 and 6338 levels today.

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

So trade carefully.

SAFELY TRADING.