PRAJIND 75 CA @ 2.5-3 SL 1.8 TARGET 4-6-8-10
Wednesday, October 13, 2010
13th OCTOBER NIFTY VIEW.
Sorry 4 the late view.
NIFTY RESIS LEVEL 6225 .
above 6225 .....short covering will start ... Nifty fut target 6275-6375
go short at higher levels with strict stop loss of 6250.
NIFTY RESIS LEVEL 6225 .
above 6225 .....short covering will start ... Nifty fut target 6275-6375
go short at higher levels with strict stop loss of 6250.
Tuesday, October 12, 2010
Monday, October 11, 2010
12TH OCTOBER NIFTY VIEW
On the back of strong close in US markets, Nifty Future managed to opened with a gap to make the day's high of 6193, but could not sustain the rise and thereafter maintained downward bias to make the day's low of 6137 and closed the day @ 6160 - near the mid point for the day. The highlight for today's trade was strength shown by Reliance and almost 20 points premium in Nifty Future - indicating that the bulls are still in control. Moreover, Nifty Future has made higher top/higher bottom
For Tomorrow, I would continue to retain my view that 6225 remains a strong hurdle, . Once 6225 is taken out, people having short position should be cautious as short cutting itself may help take Nifty Future to a new high ...short positions should be taken near 6200 levels with 6225 or 6250 as a strict stop loss. Alternatively, one can go short below 6090 with Stop Loss of 6125. On the down side it will find support at 6070 - 6050 and 6000.
All the best
For Tomorrow, I would continue to retain my view that 6225 remains a strong hurdle, . Once 6225 is taken out, people having short position should be cautious as short cutting itself may help take Nifty Future to a new high ...short positions should be taken near 6200 levels with 6225 or 6250 as a strict stop loss. Alternatively, one can go short below 6090 with Stop Loss of 6125. On the down side it will find support at 6070 - 6050 and 6000.
All the best
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