Thursday, August 5, 2010

Nifty Trade for 5-08-10

Nf today made a new 52 week high of 5478.
Will it be sustainable is the biggest question. Till now nf  trades in a narrow zone of just 10 points.
The remarkable thing is that Nf discounts from 8- points reduce to just flat.
So are we going to see 5500 today or tommorrow.
May be but I have much -ve bias I have shorts craeted @ 5450 levels going to add more @ 5520 level & try to carry them uptill 5400.

Trades for today
Buy Nf @ 5460 SL-5445 T-5485,5500
Short Nf @ 5505 Sl-5515 T-5480,5460

Buy BN @ 10450 Sl-10420 T-10500
Short BN @ 10510 Sl-10525 T-10470,10450

2 comments:

  1. In the mean time Nf just rise to 5483 level

    ReplyDelete
  2. Nf cant sustain high
    Now again 5470
    start shorting on a fall of 50 points from here

    ReplyDelete