Its our last update for march, cos of expiry. We can't like to study nifty in expiry week and can't like to trade also. So our update will continue from 1st april 2011 onwards. Till than stay with us.
FRIDAY TRADE HISTORY :
NIFTY SPOT : 5667.10 as High and 5560.95 as Low
NIFTY FUTURE : 5693.00 as High and 5571.10 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS :
PIVOT 5627
RESISTANCE 1 5694 SUPPORT 1 5588
RESISTANCE 2 5734 SUPPORT 2 5521
RESISTANCE 3 5840 SUPPORT 3 5415
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NIFTY ON 28th MARCH 2011
Hai everybody,
What a expected bounce upto 150 points in nifty on last friday. Once again nifty proof our words. Now next hurdle for long is 5724. And this week will be a expiry week. What next on nifty now..!!??
Heavy profit booking will be expected around 100 points in this week. May be it will be occur before expiry too. Longers can put strictly stoploss for their position. Support for long is 5555 now.
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. Nifty was bouncing upto 150 points on last friday.
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. We booked full profit @ 5690 on last friday. 300 points in single trade with in a week.
No position in our hand for this week, cos of expiry.
Flat opening will be expected.
Highly volatile trade will be expected.
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IMPORTANT LEVELS :
Today nifty break and trade above last friday's high (5667.10), then zoom upto 5687 levels in min and try to reach 5703-5724 levels in next mins.
Today nifty break and trade below last friday's low (5560.95) then slide upto 5555 level in min and try to reach 5538-5524 levels in next mins.
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TODAY'S TRADING LEVELS
Today nifty trade above 5666, then quick trade upto 5687-5703.
Above 5703, then zoom upto 5724-5742.
Above 5742, then fire upto 5768-5783.
Below 5639, then freefall upto 5623-5609.
Below 5609, then bloodpath upto 5592-5572.
Below 5572, then slide upto 5555-5538.
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TODAY'S HINTS :
If today will be close below 5585, then bear have a life for coming week. Last hope for bull is 5555.
Two more consecutive closing above 5650, then bull will have a power upto 5724, and will give boost to bull upto 5788-5804 level too.
May one possible nifty will close today as -ve.
So keep ur eyes on 5694 and 5588 levels today.
Tip : Our levels are mentioned only Nifty spot, not Future.
So trade carefully.
SAFELY TRADING.
For free daily banknifty levels, visit http://www.bankniftypulse.blogspot.com/ from 1st april 2011 onwards.
For free daily trading ideas, visit http://www.dailytradingidea.blogspot.com/ everyday.
For script trade detail, visit http://www.subiuthra.blogspot.com/ from 1st april 2011 onwards.
Alert!!
News and News makers will be a key for market move. So trade with strictly stoploss.
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