Wednesday, December 16, 2009

Nifty and bankNifty

Trade safely on Nifty, market may see some sharp movement any side due to Federal Reserve meeting which started yesterday, outcome of this meeting may alter the direction, so trade with SL/TSL


NIFTY                 
Long only above 5039, ideal target 5050, and remaining targets 5064,5083,5112. Keep Stoploss as 5012
And
Short below 5001, ideal target 4988, and remaining targets 4975,4957,4927. Keep Stoploss as 5026
                      
[12.10] Nifty is not interested to break either 5039 or 5001 :)

[12.49] Can Nifty show 5090 today ?? ;-)

[2.25] As expected @ [12.49] Nifty is flying to reach my target 5090 :)

[2.36] Nifty dont try to halt at 5065, shoot up to 5090 :)

[3.30] EXITED Nifty at 5055

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BANKNIFTY
Long only above 8759, ideal target 8779, and remaining targets 8821,8855,8931. Keep Stoploss as 8716
And
Short below 8693, ideal target 8671, and remaining targets 8629,8597,8519. Keep Stoploss as 8734


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