On august 9th 2011 I had posted a chart showing that there is long term support at 4760 and to watch this level for support. We are already nearly 200 points above this after closing around 4760. Now remain long and enjoy the ride as long as Nifty closes above weekly 200 DMA which is presently around 4829.
Click on the link to read the post of 9th August http://nsefutures.blogspot.com/2011/08/nifty-long-term-support-level-august.html
Tuesday, August 30, 2011
Thursday, August 25, 2011
Tuesday, August 23, 2011
Monday, August 22, 2011
NIFTY FUTURE TRADING LEVELS- 23 AUGUST 2011
AGGRESSIVE TRADES
Buy Above 4841 stop and reverse 4816
Sell Below 4896 stop and reverse 4923.75
CONSERVATIVE TRADES
Buy Above 4829.50 stop and reverse 4799
Sell Below 4893.25 stop and reverse 4923.75
Buy Above 4841 stop and reverse 4816
Sell Below 4896 stop and reverse 4923.75
CONSERVATIVE TRADES
Buy Above 4829.50 stop and reverse 4799
Sell Below 4893.25 stop and reverse 4923.75
Friday, August 19, 2011
NIFTY WEEKLY 200 EMA & SMA -19 AUG 2011
The 200 EMA is at 4871 and 200 SMA at 4839. Watch these levels closely for support. If we close below these levels then God help the bulls.
Happy Trading
Tuesday, August 9, 2011
Monthly Long term support levels
Lower BB on monthly chart is plugged at 4773. Watch this level closely for signs of support.
Trade accordingly
Nifty Long Term Support Level-August 2011
The retracement level from the high of January 2008 to the low of October 2008 is at 4760. In the coming days I will wach this level closely and the first sign of Nifty finding support go LONG.
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