Tuesday, 22nd March 2011

MONDAY TRADE HISTORY :

NIFTY SPOT       : 5413.30 as High and 5348.20 as Low

NIFTY FUTURE : 5425.00 as High and 5357.25 as Low

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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5375

RESISTANCE 1 5403                            SUPPORT 1 5338

RESISTANCE 2 5441                            SUPPORT 2 5310

RESISTANCE 3 5506                            SUPPORT 3 5245

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NIFTY ON 22st MARCH 2011

Hai everybody,

One more rangebound trading day added in march 2011 history..!! Nifty can't break and trade above 5620 and can't trade below 5350. And nifty was in confustion trend too. Today is possible to break and trade below 5350..!!?? 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.

Gapup opening will be expected.

One side trade will be expected.

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IMPORTANT LEVELS :

Today nifty break and trade above yesterday's high (5413.30), then zoom upto 5424 levels in min and try to reach 5444-5466 levels in next mins.

Today nifty break and trade below yesterday's low (5348.20) then slide upto 5322 level in min and try to reach 5303-5286 levels in next mins.

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TODAY'S TRADING LEVELS

Today nifty trade above 5382, then quick trade upto 5402-5424.

Above 5424, then zoom upto 5444-5466.

Above 5466, then fire upto 5488-5505.

Below 5362, then freefall upto 5343-5322.

Below 5322, then bloodpath upto 5303-5286.

Below 5286, then slide upto 5268-5248.

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TODAY'S HINTS :

If today nifty will be closed below 5350, then no more bull for this month.

Two If today nifty will be closed above 5430, 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 5338 and 5424 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.