Tuesday, August 3, 2010

Nifty trade for 3-8-10

Good Morning Friends, I have a vry terrible problem with my net,due to which i cant post regularly.
Nf on Friday close at day low near 5370 & yesterday close @ 5440 near day high,completly changed scenerio.
So now yt,I seems Nf can  spend some time in this Zone of 5430-5460.If get proper suport can make a new 52 week high but if selling pressure imarges it will again start slipping into 5380-5400 zone & this time it will be very hard hitted & can go up to sub 5300 level also.

Trades for today
Buy Nf @ 5415 Sl-5400 T-5430,5460
Short Nf @ 5460 Sl-5475 T-5440,5420

Buy Bank Nf @ 10380 Sl-10350 T-10415,10450,10500
Short Bank Nf @ 10450 SL-10485 T-10415,10380

Trades as per Pivot Trading
Buy Nf above 5440 sl-5420 T-5454,5474
Short Nf below 5419 sl-5438 T-5404,5386

Swing trading levels
System long SAR-5396

1 comment:

  1. Nf get resisted @ 5438-5440
    If go above it one can buy for 5460

    ReplyDelete