Wednesday, 24th November 2010

TUESDAY TRADE HISTORY :

NIFTY SPOT       : 5973.35 as High and 5824.95 as Low

NIFTY FUTURE : 5968.45 as High and 5821.80 as Low
--------------------------------------------------------------------------------

NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5911

RESISTANCE 1 5997                            SUPPORT 1 5849

RESISTANCE 2 6059                            SUPPORT 2 5763

RESISTANCE 3 6208                            SUPPORT 3 5614
--------------------------------------------------------------------------------

NIFTY ON 24th NOVEMBER 2010

Hai everybody,

Once again an expected fall made in nifty yesterday and closing below 5935. Expiry will be very near, so nifty is in range bound. Now what next in nifty..?

Anything will be possible in this type of market, cos of  political problem. So trade carefully with strictly stoploss. 

Our positional nifty profit for this month was 600 points by three trade, two trade gave 650 points and last trade lose 50 points.

One can be possible to nifty will test 5950 and 5985 levels again.

Flat opening will be expected.

Range trade will be expected.
--------------------------------------------------------------------------------

IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (5973.35), then zoom upto 5985 levels in min and try to reach 6005-6020 levels in next mins.

Today nifty break and trade below yesterday's low (5824.95) then slide upto 5808 level in min and try to reach 5787-5762 levels in next mins.
--------------------------------------------------------------------------------

TODAY'S TRADING LEVELS

Today nifty trade above 5950, then quick trade upto 5965-5985.

Above 5985, then zoom upto 6005-6020.

Above 6020, then fire upto 6035-6050.

Below 5920, then freefall upto 5902-5886.

Below 5886, then bloodpath upto 5866-5848.

Below 5848, then slide upto 5828-5808.
--------------------------------------------------------------------------------

TODAY'S HINTS :

5950-5965 levels are neutral for nifty. If nifty sustain above 5965, then short covering willbe made.

If nifty closes below 5935 today also, then 5800 and 5750 on card.

Nifty closes above 6050 only will possible for continue uptrend.

Two more consecutive closes below 5935, will be possible to see 5750 and 5500 level.

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

So keep ur eyes on 5902 and 5965 levels today.

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

So trade carefully.

SAFELY TRADING.

Visit our http://www.bankniftypulse.blogspot.com/ for Bank nifty updates.