Thursday, May 16, 2013

Nifty Strategy


NIFTY FUT (6161)

Closing Base Support and Resistance
Nifty Support at 6139-6118-6097

Nifty Resistance at 6187-6202-6222


Today market will open flat. Yesterday we saw bulls took charge and took nifty to new high of 6168 and nifty closed at 6161. After so many times nifty and market showed this type of rally. Approx market gained
500 points. Now we are not much far from previous highs. Now be cautious in the market. Dont create any short positions in the market at current level. Today's nifty's major support at 6140 and 6097. Nifty should not close below 6097. If nifty sustain above 6100 for two days then we will see 6330 and more very soon. Market undertone is very bullish. But market is running continuously on one side on higher level. Banks are major supporters of this rally. Due to result season Keep sl in every trade. 
 
Yesterday we told buy nifty above 6052 and our third target hit at 6106. You can also predict this way with the help of our Technical Analysis course. Very soon we are going to start Technical Analysis Course. Be in touch with us


NIFTY BUY CALL
Buy Nifty only above 6172 for the target of 6189-6208-6222 Keep closing base sl at 6160

 
NIFTY SELL CALL


Sell Nifty only below 6138 for the target of 6120-6102-6083 Keep closing base sl at 6153
 
 

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