Thursday, May 2, 2013

Nifty Strategy


NIFTY FUT (5929)
Closing Base Support and Resistance
Nifty Support at 5903-5891-5858
Nifty Resistance at 5938-5959-5967-5990
 
Today market will open flat. On Tuesday we saw very high volatility in market. On Tuesday nifty first made new high of 5965 and then slide down near 100 point and made new low of 5867. Keep your eyes on tomorrow's RBI policy announcement. Rate cut will be good for market. Companies Results are main drive force for market. Today we will see after morning session market may recover. Today we recommend to remain neutral in market for first 30 minutes. Keep sl in every trade. 
 
Last Tuesday in our buy call of nifty target 1 achieved at 5959 and on selling side our third target achieved at 5867. Nifty made day's low at 5867 returned. You can predict the market same way and you can earn lots of money by help of Technical Analysis (Very soon we are going to start Technical Analysis Course. Be in touch with us)

Buy Nifty only above 5940 for the target of 5958-5977-5995 Keep closing base sl at 5928
 
Sell  Nifty only below 5901 for the target of 5885-5868-5859 Keep sl of 5917 on closing basis.