Wednesday, May 22, 2013

Nifty Strategy


NIFTY FUT (6117)
Closing Base Support and Resistance
Nifty Support at 6114-6097-6076
Nifty Resistance at 6160-6185-6204
 
Today market will open little gap up. But market has to sustain first 1 hour to confirm that bottom is over. Today nifty is having major support at 6114. Which is very near. Yesterday we saw roller coaster drive in the market. In the noon session nifty made new high at 6190 and then suddenly drag down to 6106. Means yesterday bulls and bears fight well and in the end bear on winning side. Still we say please dont short sell in market at current level. On lower side its buying opportunity. Today L&T result may drive the market. Due to result season Keep sl in every trade. 
 
Yesterday we told sell nifty below 6142 and our third target was at 6102 and nifty made 6106, which we can say its almost achieved. 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 (RISKY)
Buy Nifty only above 6162 for the target of 6181-6199-6217 Keep closing base sl at 6150.

NIFTY SELL CALL
Sell Nifty only below 6112 for the target of 6096-6081-6062 Keep closing base sl at 6126. 

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