Friday, 1st April 2011

THURSDAY TRADE HISTORY :

NIFTY SPOT       : 5872.00 as High and 5778.65 as Low

NIFTY FUTURE : 5915.00 as High and 5740.00 as Low

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NIFTY PIVOT, RESISTANCES AND SUPPORTS :

                                        PIVOT 5828

RESISTANCE 1 5878                            SUPPORT 1 5784

RESISTANCE 2 5921                            SUPPORT 2 5735

RESISTANCE 3 6015                            SUPPORT 3 5641

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NIFTY ON 1st APRIL 2011

Hai everybody,

What a volatile trade in nifty yesterday..!! This only we can't update and trade on expiry week. Finally Longers can win slightly in this expiry. Now what next in nifty..??

Almost uptrend is over. Last hope for bear is 5935 and for bull is 5555 now. Now nifty ready for correction, and our words are still valid from this week start, Heavy profit booking will be expected around 100 points in this week. And today is the last day for chance of falling 100 points. Let us wait and see.

We sold nifty(april) @ 5900 yesterday. But Our stoploss is too long, 6090 and target also, 5600/5500 before expiry.

Gapdown 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 (5872), then zoom upto 5886 levels in min and try to reach 5905-5920 levels in next mins.

Today nifty break and trade below yesterday's low (5778.65) then slide upto 5764 level in min and try to reach 5742-5724 levels in next mins.

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TODAY'S TRADING LEVELS

Today nifty trade above 5828, then quick trade upto 5853-5878.

Above 5878, then zoom upto 5900-5921.

Above 5921, then fire upto 5968-6015.

Above 6015, then no more bear.

Below 5828, then freefall upto 5806-5784.

Below 5784, then bloodpath upto 5760-5735.

Below 5735, then slide upto 5688-5641.

Below 5641, then no more bull.

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TODAY'S HINTS :

If today nifty will close above yesterday's high (5872), then no more bear and nifty will observe another uptrend upto 6080 in coming week, may be our stoploss for short is also triggered.

Two more consecutive close below 5750 in nifty, will give boost to bear upto 5600-5500 levels.

May one possible nifty will close today as -ve.

So keep ur eyes on 5878 and 5775 levels today.

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

So trade carefully.

SAFELY TRADING.

Alert!!

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

For daily banknifty levels, visit http://www.bankniftypulse.blogspot.com/ everyday.

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

For script trade detail, visit http://www.subiuthra.blogspot.com/ everyday.