Alert!!
News and News makers will be a key for market move. So trade with strictly stoploss.
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.
FRIDAY TRADE HISTORY
NIFTY SPOT : 5926.95 as High and 5822.00 as Low
NIFTY FUTURE : 5927.00 as High and 5831.60 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS
PIVOT 5864
RESISTANCE 1 5905 SUPPORT 1 5800
RESISTANCE 2 5969 SUPPORT 2 5759
RESISTANCE 3 6074 SUPPORT 3 5654
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NIFTY ON 11th APRIL 2011
Hai everybody,
What a good fall and close below 5850 in nifty on last friday, and made light smiling on face, who had shorts and us too. Now what next in nifty..?
Words display in this blog on 8th April 2011, Our feel is bear week starting from today, and hope to touch 5820 today. Nifty made 5822.00 as low on last friday.
Last hope for bear is 5935 and for bull is 5555 now. Breaking 5900 changed as per trend, 5950 is good for bull and breaking 5750 is good for bear. Let us wait and see.
We sold nifty(april) @ 5900 on 31/03/2011. But Our stoploss is too long, 6090 and target also, 5600/5500 before expiry.
Gapdown opening will be expected.
Range bound trade will be expected.
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IMPORTANT LEVELS
Today nifty break and trade above last friday's high (5926.95), then zoom upto 5935 levels in min and try to reach 5950-5965 levels in next mins. May be its not possible today.
Today nifty break and trade below last friday's low (5822.00) then slide upto 5805 level in min and try to reach 5787-5764 levels in next mins.
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TODAY'S TRADING LEVELS
Today nifty trade above 5864, then quick trade upto 5884-5905.
Above 5905, then zoom upto 5937-5969.
Above 5969, then fire upto 6021-6074.
Above 6074, then no more bear for intra only.
Below 5864, then freefall upto 5832-5800.
Below 5800, then bloodpath upto 5780-5759.
Below 5759, then slide upto 5706-5654.
Below 5654, then no more bull for intra only.
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TODAY'S HINTS
If today nifty will close below 5780, then no more bull for whole week.
If today nifty will close above 5885, then range bound trade will continue for whole week.
Two more consecutive closing 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 5872 and 5820 levels today.
Tip : Our levels are mentioned only Nifty spot, not Future.
So trade carefully.
SAFELY TRADING.
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