Thursday, 24th March 2011

WEDNESDAY TRADE HISTORY :

NIFTY SPOT       : 5484.95 as High and 5401.95 as Low

NIFTY FUTURE : 5504.50 as High and 5415.00 as Low

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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5456

RESISTANCE 1 5509                            SUPPORT 1 5426

RESISTANCE 2 5539                            SUPPORT 2 5373

RESISTANCE 3 5622                            SUPPORT 3 5290

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NIFTY ON 24th MARCH 2011

Hai everybody,

Once again nifty made good bounce and close above 5480 and give light red alert to positional shorters. Now bull will have full strength, if today also give one more closing above 5480. If it is possible today, then next hurdle is 5555. Let us wait and see.

Words Added in this blog on 21st March 2011, Anytime bounce will be made in this week. We meant bounce as around 100-150 points. May it will be happend before weekend and its good to trade above 5650 level too.

We bought nifty @ 5390 on 18/03/2011. But Our stoploss is too long, 5200 and target also, 5600/5700 before expiry. Now we will revised our stoploss from 5200 to 5390 (cost to cost).

Gapup opening will be expected.

Highly volatile trade will be expected.

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IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (5484.95), then zoom upto 5505 levels in min and try to reach 5535-5555 levels in next mins.

Today nifty break and trade below yesterday's low (5401.95) then slide upto 5382 level in min and try to reach 5362-5343 levels in next mins.

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TODAY'S TRADING LEVELS

Today nifty trade above 5488, then quick trade upto 5505-5522.

Above 5522, then zoom upto 5538-5555.

Above 5555, then fire upto 5572-5592.

Below 5466, then freefall upto 5444-5424.

Below 5424, then bloodpath upto 5402-5382.

Below 5382, then slide upto 5362-5343.

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TODAY'S HINTS :

Two more consecutive close below 5380 in nifty, bear will have life and give red alert to positional longers. Be alert..!!

Two more closing above 5450, then bull will have a power upto 5555, and will give boost to bull upto 5650-5750 level too.

May one possible nifty will close today as -ve.

So keep ur eyes on 5466 and 5525 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.