Monday, October 18, 2010
Tuesday, October 12, 2010
Closing basis support level 5083 discussed on the yesterday's post acted as the support for intra session. It made a low @ 6083, where support discussed on last post was on 5084/80 zone. Though it never looked bullish as failed to 6172 zone and closed breaking 6115. Now a close above 6115 can bring temporary relief for bulls which can take Nifty further towards 6150 crossing above 6125 zone. A close above 6172 or a cross a above 6190 can bring it's momentum back to the bull's court. Otherwise it's still correcting and trending down for shorter time frame.
Note: Cash call subscription rate will be 2500/- per month next week onwards.
Monday, October 11, 2010
Thursday, October 7, 2010
Wednesday, October 6, 2010
Tuesday, October 5, 2010
Friday, October 1, 2010
Mentioned clearly on the post for 29th sept ........"6015 in initial, below that it can again target 6000, and find support before moving towards 5980-5960 finally". Nifty made a low @ 5963, right on the dot before moving up for the day, and what a convincing move it was. and I hope everyone made well out of that level. Yes... it was easy :-).
Supports: 5990-5960 crucial zone. See charts for the details.
Resistances: 6060/65 is important and profit booking may emerge. Above that 6095.
Thursday, September 30, 2010
It's 4 o'clock in the morning and was still waiting for my net connection to get back to normal. But it's still down. Sorry for the inconvenience. Hopefully will be able to post by tomorrow along with my performance report.
(Posted from mobile device)
Wednesday, September 29, 2010
The reason behind my discussion on support levels on last post must have been clarified to all now. It was quite clearly discussed as the "very big" intra support pointing towards 6028-6000. Nifty made low @ 6003 before shooting up to 6060 at the later sessions. Both way move move following exact levels. Now again nifty showing some beautiful setups on the charts with very clear understanding of probable trading levels.
Supports: 6015 in initial, below that it can again target 6000, and find support before moving towards 5980-5960 finally.
Resistances: 6060/65 big resistance zone. Breaking that it can easily go towards 6090, and find some profit booking again. In any case closing above 6060 will be bullish.
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