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WEDNESDAY TRADE HISTORY
NIFTY SPOT : 5944.45 as High and 5868.80 as Low
NIFTY FUTURE : 5971.05 as High and 5880.30 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS
PIVOT 5902
RESISTANCE 1 5935 SUPPORT 1 5859
RESISTANCE 2 5977 SUPPORT 2 5826
RESISTANCE 3 6053 SUPPORT 3 5750
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NIFTY ON 7th APRIL 2011
Hai everybody,
Nifty ready to fall now..!!?? Third day closing above 5885, but not fair to longs, & shorts too. And Now what next in nifty..??
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.
Gaphdown opening will be expected.
High volatile trade will be expected.
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IMPORTANT LEVELS
Today nifty break and trade above yesterday's high (5944.45), then zoom upto 5950 levels in min and try to reach 5965-5985 levels in next mins.
Today nifty break and trade below yesterday's low (5868.80) then slide upto 5850 level in min and try to reach 5835-5820 levels in next mins.
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TODAY'S TRADING LEVELS
Today nifty trade above 5902, then quick trade upto 5918-5935.
Above 5935, then zoom upto 5956-5977.
Above 5977, then fire upto 6015-6053.
Above 6053, then no more bear for intra only.
Below 5880, then freefall upto 5859-5842.
Below 5842, then bloodpath upto 5826-5788.
Below 5788, then slide upto 5750.
Below 5750, then no more bull for intra only.
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TODAY'S HINTS
Two more consecutive closing above 5885 is good for bull and will give boost upto 5935/5982, may be continue upto 6080 too. Yesterday nifty gave third day close above 5885. But we felt as weak close above 5885.
So today if nifty cross 5950, then we will close our short nifty with minimum loss.
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 5932 and 5865 levels today.
Tip : Our levels are mentioned only Nifty spot, not Future.
So trade carefully.
SAFELY TRADING.
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