Friday, 25th March 2011

THURSDAY TRADE HISTORY :

NIFTY SPOT       : 5529.00 as High and 5496.10 as Low

NIFTY FUTURE : 5553.45 as High and 5510.10 as Low

--------------------------------------------------------------------------------

NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5516

RESISTANCE 1 5536                            SUPPORT 1 5503

RESISTANCE 2 5549                            SUPPORT 2 5483

RESISTANCE 3 5582                            SUPPORT 3 5450

--------------------------------------------------------------------------------

NIFTY ON 25th MARCH 2011

Hai everybody,

One more bounce made in nifty yesterday and add strength to bull also. Now today also nifty will close above this level, then no more bear. Be alert positional shorts. And positional longs too.

We were already told, next hurdle is 5555. So we can watch this level also. May one can profit booking will be expected at this level. But only 50-50 chance. Let us wait and see.

Words added in this blog on 22st march 2011, Anytime bounce will be made in this week. We meant bounce as around 100-150 pointsin single day. May it will be happend before weekend and its good to trade above 5650 level too.

We bought nifty @ 5390 on last friday. But Our stoploss is too long, 5200 hold with revised stoploss 5390 cost to cost and target also, 5600/5700 before expiry.

UPDATE : Book long 50% in nifty on 25/03/2011 11:20 AM, @ 5599.

Gap down opening will be expected.

One side trade will be expected.

--------------------------------------------------------------------------------

IMPORTANT LEVELS :

Today nifty break and trade above last friday's high (5529.00), then zoom upto 5535 levels in min and try to reach 5555-5575 levels in next mins.

Today nifty break and trade below last friday's low (5496.10) then slide upto 5488 level in min and try to reach 5466-5444 levels in next mins.

--------------------------------------------------------------------------------

TODAY'S TRADING LEVELS

Today nifty trade above 5538, then quick trade upto 5555-5572.

Above 5572, then zoom upto 5592-5609.

Above 5609, then fire upto 5623-5639.

Below 5505, then freefall upto 5488-5466.

Below 5466, then bloodpath upto 5444-5424.

Below 5424, then slide upto 5402-5382.

--------------------------------------------------------------------------------

TODAY'S HINTS :

If today will be close below 5500, then bear have a life for coming week. Last hope for bear is 5555.

Two more closing above 5450, then bull will have a power upto 5555, and will give boost to bull upto 5650-5750 level too. Nifty hit 5529 yesterday. Now we can watch 5555 level.

May one possible nifty will close today as -ve.

So keep ur eyes on 5483 and 5549 levels today.

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

So trade carefully.

SAFELY TRADING.

For free daily trading ideas, visit http://www.dailytradingidea.com/ everyday.

Alert!!

News and News makers will be a key for market move. So trade with strictly stoploss.