Monday, 2nd May 2011

Aert!!

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

FRIDAY TRADE HISTORY

NIFTY SPOT       : 5804.30 as High and 5706.05 as Low

NIFTY FUTURE : 5823.65 as High and 5720.00 as Low
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NIFTY PIVOT, RESISTANCES AND SUPPORTS

                                        PIVOT 5753

RESISTANCE 1 5801                            SUPPORT 1 5702

RESISTANCE 2 5852                            SUPPORT 2 5655

RESISTANCE 3 5950                            SUPPORT 3 5557
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NIFTY ON 2nd MAY 2011

Hai everybody,

Once again nifty gave a painful day for longers on last friday, as per our words and print the low of 5706.05, very near to our figure 5693. Now what next in nifty..!!??

Our words on last friday : But this pain will not valid to longers for longtime. May be next week this pain will back to shorters..!!??

Heavy and heavy profit booking will be expected in this week.

Expected bounce this time upto 6100 till next weekend.

Around 100 to 150 points bounce in single day trading will made in nifty this week. May be, today this bounce is highly possible.

Today if nifty sustain with volume above 5802 level @ any sessiion, then good bounce will be expected upto 5835/5865 levels.

Last hope for bear is 5965 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.

Flat opening will be expected.

One side trade will be expected.
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IMPORTANT LEVELS

Today nifty break and trade above last friday's high (5804.30), then zoom upto 5824 levels in min and try to reach 5850-5865 levels in next mins.

Today nifty break and trade below last friday's low (5706.05) then slide upto 5693 level in min and try to reach 5672-5648 levels in next mins.
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TODAY'S TRADING LEVELS

Today nifty trade above 5753, then quick trade upto 5777-5801.

Above 5801, then zoom upto 5826-5852.

Above 5852, then fire upto 5901-5950.

Above 5950, then no more bear for intra only.

Below 5753, then freefall upto 5728-5702.

Below 5702, then bloodpath upto 5679-5655.

Below 5655, then slide upto 5606-5557.

Below 5557, then no more bull for intra only.
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TODAY'S HINTS

Two more consecutive closing above 5965 in nifty, will give boost to bull upto 6050-6100.

Two more consecutive closing below 5750 in nifty, will give boost to bear upto 5600-5500 levels. Don't take close of friday was below 5750.

BREAKOUT POINT for upward is 5808 and for downward is 5704. Be alert in above levels. If it is possible, a sharp fall or bounce will be made in nifty today.

May one possible nifty will close today as +ve.

So keep ur eyes on 5728 and 5824 levels today.

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

So trade carefully.

SAFELY TRADIING.

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