6TH OCTOBER NIFTY VIEW.

In today's trading Nifty Future opened at yesterday's level and made two attempts to go up but in vain. During the day, Nifty Future made a high of 6225 and low of 6169 and closed at 6183. Though, Nifty Future has made lower top and lower bottom, but the size of the candle being small, and the markets being in firm bull grip, possibility of the up move continuing can not be ruled out at this stage. Moreover, as shown on the 30 min chart, Nifty Future has taken support on the trend line and the same can hold.

For tomorrow, one should consider going short only below 6165 with a stop loss of of 6210. On the down side, Nifty Future will find support at 6125 and trend line support at 6100. Close below 6100 may accentuate the fall. Existing short positions should be held with strict stop loss of 6215.

Fresh Long positions are best avoided.

All the best.

YESTERDAYS PRAJIND 80 CA HIGH 3.7

2.2 TO 3.7

STILL MY TARGETS SAME ....

HOLD WITH REVISE SL.

RNRL ON FIREEEEEEEEEEEEEEEEEE

RNRL BLAST.............

40 CA 2 TO 3 ...1ST TARGET HIT

HOPE YOU GUYS ENJOYED THE CALL ...

BUY RNRL 40 CA

BUY RNRL 40 CA @ 1.8 -2 SL 1 TARGET 3-4-6

RCOM 170 CA

RCOM 170 CA 1ST TARGET HIT .

BUY JP ASSOCIATES 130 CA

BUY JP ASSOCIATES OCT 130 CA @ 6 TARGET 7.5 -8-9 SL 4.5

NEXT BLASTING CALL

MLL 47.5 TO 65

MOSARBEAR 64 TO 73

IFCI 60 TO 69


NOW ONE MORE BLASTING CALL


BUY MTNL Above 68 sl 63 target 78 - 88-98. (buy more every dip) 1 - 2 MONTH TIME FRAME.

5th October nifty view.

In today's trading, Nifty Future opened with a gap and made a high of 6248 in the first hour of trade but there after, remained weak through out the day to make a low of 6175 and closed at 6186. The EOD candle for Nifty Spot and Sensex represent a Shooting Star but not so in case of Nifty Future. The day's close does indicate weakness but considering the bullish strength shown for the past week, one needs to be cautious for short position - at least for tomorrow. I guess, we should have better clarity after tomorrow's trading.

For tomorrow, one can consider going short with stop loss of 6215. On the down side, it will find support at 6150 - 6100 and major support at 6065 (Trend Line shown on the EOD chart).

All the best.