Wednesday, 1st December 2010

TUESDAY TRADE HISTORY :

NIFTY SPOT       : 5892.25 as High and 5768.35 as Low

NIFTY FUTURE : 5915.00 as High and 5776.95 as Low

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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5841

RESISTANCE 1 5914                            SUPPORT 1 5790

RESISTANCE 2 5965                            SUPPORT 2 5717

RESISTANCE 3 6089                            SUPPORT 3 5593

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NIFTY ON 1st DECEMBER 2010

Hai everybody,

One more good bounce in nifty yesterday and also a good news for bull, nifty close above 5850 level yesterday. Next hurdle points for bull is 5920 and 5935. Now what next in nifty..?

Anytime bounce will be made in this week. Still this word is valid, cos we meant bounce as around 100-150 points. May it will be happend in this friday.

We bought nifty @ 5750 on last friday. But Our stoploss is too long, 5500 and target also, 6500. Still we can't revised our stoploss, cos of panic, not to us, only by korean war problem.So wait and see.

Flat opening will be expected.

Range bound trade trade will be expected.

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IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (5892.25), then zoom upto 5902 levels in min and try to reach 5920-5935 levels in next mins.

Today nifty break and trade below yesterday's low (5768.35) 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 5866, then quick trade upto 5886-5902.

Above 5902, then zoom upto 5920-5935.

Above 5935, then fire upto 5950-5965.

Below 5848, then freefall upto 5828-5808.

Below 5808, then bloodpath upto 5780-5762.

Below 5762, then slide upto 5746-5724.

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TODAY'S HINTS :

Nifty gave red alert to positional shorter yesterday by closing above 5850 level. If today or tomorow nifty will cross 5935, then no more bear. Last hope for bear is 5935.

Two more consecutive close above 5935 in nifty, will give boost to bull upto 6050-6090 level.

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

So keep ur eyes on 5824 and 5902 levels today.

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

So trade carefully.

SAFELY TRADING.