Sunday, May 29, 2011
Nifty Weekly Update for 30 May to 03 June 2011
Nifty has arrested the downtrend on daily charts. Nifty is a buy on dips with Stop and reverse placed at 5422. However on the weekly charts nifty needs to close above 5517 to gain momentum on the upside. The weekly support for Nifty is plugged at 5409. Below this the downtrend will resume. The strategy will be to buy on dips till 5422 and sell at resistance around 5515. A close above 5517 will be good for bulls and a close below 5409 for bears.
Nifty Future Trading Levels 30 May 2011
Buy Above 5464.30 stop loss 5432 target 5483/5514/5547/5566
Sell Below 5432 stop loss 5464.30 target 5413/5381/5349/5330
Sell Below 5432 stop loss 5464.30 target 5413/5381/5349/5330
Tuesday, May 24, 2011
Nifty Future Upadte 3
The Sell Below has changed now. The present levels are
Buy Above 5420 and sell below 5380
Buy Above 5420 and sell below 5380
NIfty Future Trading Levels- 24th May 2011
Buy Above 5418 stop and reverse 5377
Trailing stop loss will be posted once trade is activated
Trailing stop loss will be posted once trade is activated
Wednesday, May 4, 2011
Nifty Future Trading Levels -05 May 2011
The reverfsal level for Nifty is at 5605. Tomorrow morning if the low of today is not broken then short Nifty around 5585 stop and reverse at 5605.
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