Wednesday, 13th April 2011

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.

MONDAY TRADE HISTORY

NIFTY SPOT       : 5830.30 as High and 5777.90 as Low

NIFTY FUTURE : 5848.60 as High and 5796.50 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS

                                        PIVOT 5798

RESISTANCE 1 5818                            SUPPORT 1 5766

RESISTANCE 2 5850                            SUPPORT 2 5746

RESISTANCE 3 5903                            SUPPORT 3 5693
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NIFTY ON 13th APRIL 2011

Hai everybody,

Another good fall and close below 5800 in nifty on monday, and made fear on face, who had hold longs, not us. Now what next in nifty..?

Today, Some profit booking will be expected upto 5820-5850.

Break and trade below 5750 will be a red alert to longers.

Last hope for bear is 5935 and for bull is 5555 (closing basis) now. Breaking 5900 changed as per trend, 5950 is good for bull and breaking 5750 changed as per trend, 5700 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. We booked 50% profit @ 5800, cos of expecting range bound and hold balance with revised stoploss of 5900 cost to cost.

Gapdown opening will be expected.

Range bound trade will be expected.
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IMPORTANT LEVELS

Today nifty break and trade above monday's high (5830.30), then zoom upto 5850 levels in min and try to reach 5865-5886 levels in next mins.

Today nifty break and trade below monday's low (5777.90) 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 5798, then quick trade upto 5808-5818.

Above 5818, then zoom upto 5834-5850.

Above 5850, then fire upto 5877-5903.

Above 5903, then no more bear for intra only.

Below 5798, then freefall upto 5782-5766.

Below 5766, then bloodpath upto 5756-5746.

Below 5746, then slide upto 5719-5693.

Below 5693, then no more bull for intra only.
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TODAY'S HINTS

If today nifty will close below 5750, then no more bull for whole week.

If today nifty will close above 5865, 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 5834 and 5756 levels today.

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

So trade carefully.

SAFELY TRADING.

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