For 03 Nov 2009

 

Selling srill on...as alert given at mid session on my 'Quote-nQoote' box saying that if bounce not sustain then we might see 4680..it touched 4687......and bounced well....
now 4680is very crucial point...If bulls have to show thier existance then no way to come with action in this area...deep below 4590/4560 levels to be watched....on upper side 4765 is crucial resistance...if crossed then 4800
For Tuesday I suggest
BIAS---POSITIVE
RANGE---4680...4715...4715...4765...4765...4815
STRATEGY---Long with sl 4680

For 30 Oct 2009

 

As said y'day 4730 protected well.....and those who followed me taking long near 4730 might have gained.....y'day I projected levels 4730...4780.....4780...4825....see y'day's nifty behaviour was same....hits 4818 and there was big fall at the end......
For Friday i have already mentioned y'day resistance wall @ 4865/4874/4883....more precisely....take it as 4862...4897...
If 4814 crossed well then 4830...and 4862 on cards..
if today close above 4830 then this counter rally may show nifty @ 4920...
For friday I suggest..
BIAS---POSITIVE
RANGE---4730...4785...4814...4830...4862
STRATEGY...LONG @ OPENING WITH SL 4814/4785
(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 29 0ct 2009

 

Seen magic of 4785????....those who followed me should have earned huge y'day...as I said in my y'days pre opening letter 4785 proved important.....and see tgt done exactly..high was 4867....
For thursday I suggest again 4780 is crucial.....then 4730/4715...deep down 4680 might prove totally trend decider.....keep in mind expiry day..nifty might break 4780...on Friday....4865/4874/4883...this area is resistance wall....
BIAS----mixed
RANGE---4730...4780...4780....4825...4825...4865
STRATEGY----long near 4730.....short near 4860
(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...)