Tuesday, April 5, 2011

Nifty Future


Nifty
Long only above 6024 for sure target 6037 other targets are 6041 (T1), 6059 (T2), 6080 (T3), stoploss is 5984
And
Short only below 5976 for sure target 5963 other targets are 5959 (T1), 5941 (T2), 5920 (T3), stoploss is 6016

Note: T1,T2 are also possible reversal point.



[9.16] Today Nifty Range 6078 - 5947 breaking either of these two levels will show real strength

[9.46] Nifty has strong support between 5904-5910, its better to short below this level

[9.50] Can Nifty show 5846 today ;-)

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3 comments:

  1. mohan.nj@gmail.comApril 5, 2011 at 9:23 AM

    open price of 6k is just a spike.. it immediately it fell covering the entire downside points.. now what to do ??

    ReplyDelete
  2. NiftyreportApril 5, 2011 at 9:38 AM

    hey mohan....level is level (you know how i calculate) in this case best idea is to keep T2 as SL and short Nifty...good to see you too visiting my blog ;-)

    ReplyDelete
  3. GANESH PLApril 5, 2011 at 10:07 AM

    Good Morning....

    ReplyDelete

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