Alert!!
News and News makers will be a key for market move. So trade with strictly stoploss.
For daily nifty levels, visit http://www.nifty50pulse.blogspot.com/ everyday.
For daily trading ideas, visit http://www.dailytradingidea.blogspot.com/ everyday.
For script trade detail, visit http://www.subiuthra.blogspot.com/ everyday.
THURSDAY TRADE HISTORY :
SPOT : 11825.00 as High and 11666.70 as Low
FUTURE : 11876.40 as High and 11695.05 as Low
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BANKNIFTY PIVOT, RESISTANCES AND SUPPORTS :
PIVOT 11745
RESISTANCE 1 11834 SUPPORT 1 11666
RESISTANCE 2 11914 SUPPORT 2 11577
RESISTANCE 3 12082 SUPPORT 3 11409
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BANKNIFTY ON 8th APRIL 2011
Hai everybody,
One more Flat closing day and all banking scripts are in over weightage. Anytime, they will be melted.
Last hope for bear is 12100 and for bull is 11600 at this stage.
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TODAY'S TRADING LEVELS
Today banknifty trade above 11745, then quick trade upto 11790-11834.
Above 11834, then zoom upto 11874-11914.
Above 11914, then fire upto 11998-12082.
Below 11745, then freefall upto 11706-11666.
Below 11666, then bloodpath upto 11621-11577.
Below 11577, then slide upto 11493-11409.
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TODAY'S HINTS :
We initiated the short at 5/4/11, banknifty @ 11850 with sl of 12100 (spot level) above closing basis for min 500 points within 10 days frame.
If today banknifty will close below 11600, then next target 11300.
If today banknifty will clsoe above 11900, then next target 12200.
So keep ur eyes on 11900 and 11600 levels today also.
Tip : Our levels are mentioned only Banknifty spot, not Future.
So trade carefully.
SAFELY TRADING.
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