16 March, 2010

NIFTY VIEWS AS ON 16/03/2010

3/16/2010 08:28:00 PM


As Said Yesterday That If Insider Wedge Is Broken On Either Side Shall Decide The Range And Today Would Be The Trend Decider And Nifty Breached The Range On Upside With Volumes And Given And Breakout And Closed At 9198 Which Now Gives Further Target Of 5300 So Buy On Dip Till Nifty Is Above 5000 And Closes Below 5090 For The Tgt Of 5250-5280-5300 Book Full Profit And Wait For Further Breakout Also Nifty Is Trading In Overbought Zone But There Is Still No Divergence But Be Cautious And Book Profit At The Given Levels And Use Trailing Stoploss. Still Dii Are Selling And Fii Are Buying Even Today

Likely Trading Range 5152 – 5244
Imp Supp  5175
Imp Rest    5225

Posted by Nifty Statistics
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14 March, 2010

NIFTY VIEWS AS ON 12/03/2010

3/14/2010 08:12:00 PM


Nifty Is Forming Expanding Wedge And Inside It A Narrow Wedge  Also Nifty Is At The Resistance Of 5180 And Has Strong Support At 5100 So If Nifty Trades Below 5090 Level And Closes Below That Shall Give Bearish Signal And Can Fall Further For The Tgt Of 5020 – 5000 -4980 And If Breaks The Resistance Of 5180 It Can Target To 5250 – 5300 Levels So If Closes Above 5170 Or Trades Above On Can Carry Fresh Long With Sl Of 5090 While The Daily And Weekly Trend Is Up So Shorting Can Only Be Done On Close Below 5090 Above This Buy On Dip With Sl Of 5090 Also Nifty Is Trading In Overbought Zone  And Tomorrow Being Inflation So Pls Trade With Sl

Posted by Nifty Statistics
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