For 23 Oct 2009

 

As said y'day nifty spot level 5020 was maintained well....as said it went to 5065....as 5020 breaks you have seen the result....but 4935 was protected ....and as said on 'Quote-N-Quote' box..4995 was close(after average it is 4988)....
If nifty close 5095++ today then????....or if we close below 4995 today then???
For Friday I suggest...
BIAS --positive
RANGE--4995...5020...5020...5065...5065...5095
ENTRY LEVEL...5020...5065
strategy...LONG
(NOTE---- Strategy doesn't mean trade.....but to think there for trade ...actual trade depends upon intraday updation......and if traded there what should be ideal sl?? it is shown as sl...)

For 22 Oct 2009

Yesterday sell of in last hour of trading broken important level of 5080....but managed to close 5060++....we have to see whether this is just 'Two Day Correction Phenomenon' or anything else...
For clear picture we have to wait little....but levels are far away for day traders...so for day traders 5020 is important.....close below this level will encourage Bears to be more aggressive....and if 5020 protected then Bulls will act very strongly....
For positional....5020 and then 4935 and finally 4920/4900 is very very crucial...
if those levels are protected then there are chances to break 5180....let's see..
For TRhursday I sugest..
BIAS---positive
RANGE---5020...5045...5045...5065...5065...5105
STRATEGY---long....sl for intra long 5020.....and for positional closing below 5020
(NOTE---- Strategy doesn't mean trade.....but to think there for trade ...actual trade depends upon intraday updation......and if traded there what should be ideal sl?? it is shown as sl...)

For 21 Oct 2009

Buy call given in nifty future last week with positional tgt of 5180 on tuesday......spot done it ...nf discount increased so high was 5168...
Now y'days low is important....then 5060..and 5020 is crucial for Bulls
For Wednseday I suggest..
BIAS---POSITIVE
RANGE---5100...5135...5135...5155
ENTRY LEVEL---5100.....5135
STRATEGY...
1) Buy nifty @ 5100 sl 5080....tgt 5135/higher..
2) Buy nifty @ 5080 sl 5060....tgt 5135/higher..
3) Sell nifty@ 5155 sl 5180....tgt 5100/lower
(NOTE---- Strategy doesn't mean trade.....but to think there for trade ...actual trade depends upon intraday updation......and if traded there what should be ideal sl?? it is shown as sl...)